Axway (NYSE Euronext: AXW), the Business Interaction Networks company, announced today that for the eighth consecutive year Axway Financial Exchange was awarded the 2011 SwiftReady label for Financial Enterprise Application Integration (EAI).
Axway has also successfully completed the SWIFTNet interface qualification tests for compliance with SWIFTNet 7.0, the latest mandatory release upgrade of the SWIFT network and its protocols.
SWIFT manages the world's largest network of financial transactions and securely exchanges millions of standardized financial messages for 9,000 banking organizations, securities institutions and corporate customers. The SWIFTReady Financial EAI label is a must for SWIFT-compliant business-to-business (B2B) and integration solutions. This label helps customers in their vendor selection and provides the assurance that the product or service meets the highest levels of quality.
The SWIFTNet 7.0 interface qualification program validates that vendor interface products conform with SWIFT's requirements and ensures interoperability between the qualified interfaces. With SWIFTNet 7.0, the use of a SWIFT-qualified interface product is now mandatory to connect to the SWIFT network. Axway Financial Exchange SWIFT-certified solution for SWIFTNet 7.0 provides customers the opportunity to reduce costs and risks, improve efficiency and increase flexibility of financial transactions on the SWIFT network.
"We would like to congratulate Axway for receiving the SWIFTReady Financial EAI label and completing the SWIFTNet 7.0 interface qualification this year," said Filip Versluys, head of partner management at SWIFT. "Axway's Financial Exchange was evaluated throughout a number of rigorous test exercises focused on communication and messaging interfaces and we concluded that this product offers high operational standards and levels of security."
Axway Financial Exchange offers a broad range of functionality, including comprehensive support for financial service industry formats and protocols, format translation, content-based routing, back-office integration, record fixing and recycling. It provides the flexibility and responsiveness necessary to address complex technical requirements and international standards and regulations, including SWIFT, EBICS, ISO 20022, NACHA, BAI or SEPA, which significantly reduce their associated costs. Axway Financial Exchange enables banks, market infrastructures and corporations to streamline, consolidate and better manage their secure transmission platforms for multi-channel financial data and transaction processing needs.
"Axway works with nine of the 10 top commercial banks and eight of the 10 top credit card issuers," said Paul French, vice president of product and solutions marketing, Axway. "Therefore, we're committed to helping our customers navigate the constantly evolving global financial community, and support a wide range of protocols and networks, so they can effectively and securely consolidate their financial flows."