CheckFree's TradeFlow TPM awarded SwiftReady Gold EAI label
CheckFree Software, a business of CheckFree Corporation (Nasdaq: CKFR), today announced that CheckFree TradeFlow TPM™ is among the first products to be awarded SWIFTReady Gold accreditation for 2005 in the category of Financial Enterprise Application Integration (EAI).
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TradeFlow TPM, a market-leading trade confirmation and settlement solution, also provides the technology platform for CheckFree eVent™, CheckFree's SWIFTReady accredited product for corporate actions automation.
This is the sixth consecutive year that TradeFlow TPM technology has been awarded SWIFTReady Gold status, and is continued recognition of CheckFree's leadership in financial messaging and straight-through processing (STP). The stringent SWIFT testing process validates TradeFlow's flexibility, robust performance and support for SWIFT standards – all of which are key requirements for straight-through workflow across current and future networking platforms such as SWIFTNet.
Today, CheckFree's combined products for reconciliation, financial messaging and corporate actions are delivering the realisation of end-to-end transaction management capabilities to the global SWIFT community. The scalability of TradeFlow's core integration engine is illustrated by the performance enhancements it achieved in the latest release, which shows up to a 43 percent increase in throughput for a series of normalised real-world benchmarks.
"We appreciate the ability CheckFree has demonstrated in quickly delivering advanced SWIFT ready technology to our clients that enable enterprise integration and customer value creation" says Olivier Roucloux, EAI Industry Analyst at SWIFT. "We look forward to exploring new opportunities together with CheckFree and are very pleased to award the SWIFTReady Financial EAI Gold label 2005 for their Tradeflow product"
"The endorsement of an industry leader of SWIFT's calibre recognises CheckFree's ongoing commitment to customer-driven research and software development over a number of years. The accreditation is a powerful confirmation of the ability of our integrated product family to provide workflow capabilities across the SWIFT community." said Randy McCoy, executive vice president and general manager of CheckFree Software.