CheckFree Financial and Compliance Solutions, a business unit of CheckFree Corporation (Nasdaq: CKFR), today announced that CheckFree TradeFlow TPM has been awarded SWIFTReady Gold for 2004 in the category of EAI. TradeFlow TPM was formerly a product of HelioGraph Ltd. a company CheckFree acquired in November 2003.
The technology behind TradeFlow TPM has been consistently awarded Gold status, the highest accreditation achievable for Enterprise Application Integration, for five consecutive years. The criteria for the accreditation are stricter every year, with new requirements that address transaction status monitoring and increased message validation parameters. The recent inclusion of Securities Market Practice Group (SMPG) rules in TradeFlow TPM’s validation processing ensures that transactions meet local market settlement standards as well as compliance with SWIFT semantic rules, even before trades are sent out to the SWIFT network.
The integration and metadata components of TradeFlow TPM are used throughout the CheckFree Financial and Compliance Solutions product family, bringing the benefits of a robust SWIFTReady Financial EAI solution to business domains such as Reconciliation, Electronic Trade Confirmation and Settlement, and Corporate Actions. The scalability of the core integration engine is illustrated by the performance enhancements achieved in the latest release – showing a 22 to 43 percent increase in throughput for a series of normalised “real-world” benchmarks.
“We appreciate and recognise the enthusiasm and professionalism shown by CheckFree to obtain the Financial EAI label for its TradeFlow TPM product in 2004," said Olivier Roucloux, EAI Market Analyst, SWIFT . "We look forward to exploring new opportunities together with CheckFree to make sure their application evolves towards a leading SWIFTNet single-window integration system."
“Third-party validation from respected business partners such as SWIFT is extremely important to CFACS,” said Mark Zill, senior vice president and general manager of CheckFree Financial and Compliance Solutions. “Having placed considerable emphasis on product development and exceeding the needs of our clients, we are pleased to have achieved SWIFTReady Gold once again.”