Swissrisk upgrades X-Gen

Source: Swissrisk Financial Systems

Swissrisk Financial Systems, a European Software Specialist for IT solutions used in Financial Institutions, announced today a new major release upgrade for its Financial Messaging and Workflow Solution X-Gen.

X-Gen is used by Financial institutions to automate business processes and increase business efficiency in Back-office operations. X-Gen provides powerful workflow engine and ready-to-use messaging modules for business monitoring. A graphical rule designer and a builder for web screens shorten development and project roll out times leading into a faster time-to-market for clients.

The new X-Gen release allows clients to integrate 3rd party web based development tools directly with X-Gen by using a state of the art, Web Service based online interface. Clients may benefit from X-Gen´s powerful rule design and processing capabilities combined with the web screen development platform of the customer´s choice. Due to the strong integration of both parts, powerful and scalable web based applications can be built with X-Gen featuring all functional, technical and security related requirements.

X-Gen is awarded since more than a decade with multiple SWIFT certifications, for example with the "SWIFT Ready Label for Financial EAI" and the "SWIFT Ready Funds" label. Swissrisk´s X-Gen based process investigation solution FinTRACE is certified with the "SWIFT Ready Exceptions & Investigations" label. Thanks to X-Gen clients can increase processing efficiency significantly within weeks and gain a much faster "Return on Investment".

Dirk Vesper, VP Product Management at Swissrisk says "Our new X-Gen release 3.6 paves the road to further enhance our existing client base as more and more financial institutions gain efficiency benefits from of our modern, platform independent and open financial workflow and messaging solution"

Andreas Wagner, member of the Management Board of Swissrisk says: "As the financial community runs through a permanent process of merger and acquisitions and at the same time needs to adapt to regulatory and market driven changes, X-Gen helps our clients to reduce process complexity dramatically and ideally embeds into heterogeneous business and IT landscapes. Besides its messaging and workflow capabilities, X-Gen has now been further developed to a powerful business application development suite".

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