Norway's CBA receives SwiftReady gold label for multi-markets
20 January 2006 | 2252 views | 0
CBA, the Oslo based International banking automation software developer, has been awarded the SWIFTReady Gold accreditation in Multi-Markets for the ninth consecutive year, for its leading edge IBAS software.
IBAS holds SWIFTReady Gold in the Multi-Market category, covering Payments, Trade Finance and Forex & Money Markets.
First granted to IBAS in 1998, SWIFTReady Gold is one of the banking industry's best known and most widely respected accolades. This latest revalidation confirms CBA's position as the leading developer of fully automated End-to-End international payment processing software, allowing banks to process banks international payments with a STP (Straight Through Processing) Quality Level up to 100%, and typically more than 80%.
Rolf Hauge, CBA's President and Chief Executive Officer comments, "IBAS is made for bankers by bankers, and can guarantee institutions the highest STP Quality Rates available. The fact that CBA has received SWIFTReady accreditation for the ninth consecutive year is testament to the fact that IBAS' End-to-End STP transaction processing capabilities are the only sure way that banks can minimise their international payment processing costs."