Axway Financial Exchange platform receives Swift Gold labels

Source: Axway

Axway, the Business Interaction Networks company, today announced the Axway Financial Exchange platform, powered by Synchrony, has been awarded 2009 Gold Labels for SwiftReady Financial EAI and SwiftReady Funds.

The Gold Labels are the highest certifications from Society for Worldwide Interbank Financial Telecommunication (SWIFT) and demonstrate Axway's continued guarantee that the Axway financial solutions are compatible with all requirements related to SWIFTNet exchanges.

With Axway's SWIFT certifications, banks, market infrastructures and corporations are further empowered to take advantage of the full range of SWIFT technology and services available. Axway's financial solutions also enable compliance with growing governmental oversight over financial institutions' payment transactions. Regulations such as the Single Euro Payment Area (SEPA), Payment Services Directive (PSD), and the National Automated Clearing House Association's (NACHA) new rules and new format for international ACH transactions (IAT) are driving forces behind this growing oversight.

"Global corporations, banks and financial institutions must remain as nimble as possible with respect to their payments and transactions, while minding compliance with ever-increasing regulatory oversight," said Christophe Fabre, CEO at Axway. "Axway's six consecutive years of SWIFT certifications demonstrate our commitment to maximizing our customers' ability to operate their global businesses faster and safer."

Going beyond simple file movement or translation, Axway's Financial Exchange solution offers a broad range of functionality, including community management, multi-enterprise interaction and collaboration, end-to-end visibility, analytics and process automation. By providing visibility, security and control over transaction flows, Axway's Financial Exchange solution lowers costs and reduces risks, allowing:
• Banks to streamline operations and turn upcoming regulatory obligations into business opportunities - such as expanding their market reach to attract new corporate customers and to provide them more services
• Market infrastructures to enhance efficiency of theireir transaction processing networks connecting banks and financial institutions
• Corporations to master the schedule of migration toward these new regulations, by continuing to use existing internal infrastructure assets, while translating data into compliant formats
• All organisations to manage consolidation, reduce maintenance costs and better absorb mergers and acquisitions

"For six years, Axway has demonstrated that it can drive clients' financial flows with strong business visibility and data quality assurance," said Eric Meirlaen, SWIFT Partner Solutions. "Our highest certifications ensure that Axway will continue reducing operational costs, securing underlying financial processes, and improving organisational efficiencies for clients in the SWIFT community."

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