Software AG today announced that it has been awarded SwiftReady Financial EAI label for 2011 from the Society for Worldwide Interbank Financial Telecommunication (Swift), Swift's highest level of certification for interoperability.
More than 9,500 institutions in 210 countries rely on this stamp of approval to ensure reliable, secure and assured messaging between member institutions. This is the ninth year in a row that Software AG has received this certification. The announcement was made at SIBOS 2011, one of the world's largest and most important financial services conferences and exhibitions, where Software AG has a presence.
Financial institutions around the world conduct critical business activities that require financial data communications and processing services with various third parties and need a flexible, adaptable and secure network to exchange information. With a certified SWIFT solution, Software AG is able to deliver to financial institutions integration and connectivity between their existing systems and the SWIFT network, allowing them to optimize business activities such as payments, securities, treasury, and trade services.
"We automate and improve key banking processes for some of the biggest banks in the world, servicing more than 500 financial services institutions globally, including payment and payment monitoring solutions," said Dr. Wolfram Jost, Chief Technology Officer, Software AG. "We're pleased to be recognized for our solutions and to receive the highest level of certification from SWIFT."