- Software AG receives SWIFT''s highest level of certification for interoperability for the eighth year in a row
- The certification is a stamp of approval from a standards body that helps illustrate Software AG''s strength in the financial services sector
- Software AG serves more than 500 financial services institutions globally with webMethods SWIFT solutions, enabling the most comprehensive support for SWIFT connectivity and back-end system integration
Software AG (FWB:SOW) today announced that it has been awarded SWIFTReady Financial EAI label for 2010 from the Society for Worldwide Interbank Financial Telecommunication (SWIFT), SWIFT''s highest level of certification for interoperability. This is the eighth year in a row that Software AG has received this certification.
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.
"With a SWIFTReady certification, Software AG is able to demonstrate that we are going the extra mile to deliver quality solutions," said Ivo Totev, member of the Executive Board, Software AG. "It''s our commitment to helping our financial services customers since so many rely upon SWIFT to exchange vital financial information securely and reliably."
"In addition, our SWIFT solutions support our financial services customers'' SWIFT-initiatives like Exception and Investigation to help them pinpoint where issues happen in payment processing. Instead of having to call around and contact each of the banks in a transaction, our integration, in conjunction with the SWIFT Network''s capabilities, can help investigate the reason for broken payments quite easily," he said.
Software AG serves financial services institutions globally with webMethods SWIFT solutions. These certified solutions provide:
- An integrated platform to connect SWIFT transactions directly with business systems
- Support for SWIFT''s messaging services including SWIFTNet FIN, Fileact and Interact Services to connect directly to the SWIFT network and a path to move away from disconnected SWIFT solutions
- The ability to connect any organization, including non-banks, to the SWIFT Network with SWIFT for Corporates solution
"Our solutions enable our financial services customers to comply with new industry regulations, manage risk, lower costs and increase flexibility for interbank processes in the payments and securities area," Totev added.
SWIFT initiated the SWIFTReady label program over 10 years ago to certify third party applications and middleware products that support SWIFT messaging systems and standards and that integrate with SWIFTNet through Alliance interfaces.
About Software AG
Software AGis the global leader in Business Process Excellence. Our 40 years of innovation include the invention of the first high-performance transactional database, Adabas; the first business process analysis platform, ARIS; and the first B2B server and SOA-based integration platform, webMethods.
We are unique in offering the world''s only end-to-end - and easiest to use - business process management (BPM) solutions, with the lowest Total-Cost-of-Ownership. Our industry-leading brands,ARIS, webMethods, Adabas, Natural and IDS Scheer Consulting, represent a unique portfolio for: process strategy, design, integration and control; SOA-based integration and data management; process-driven SAP implementation; and strategic process consulting and services.
Software AG had revenues of 847 million euro in 2009 and has more than 6,000 employees serving 10,000 enterprise and public institution customers across 70 countries. Our comprehensive software and services solutions allow companies to continuously achieve their business results faster. The company is headquartered in Germany and listed on the Frankfurt Stock Exchange (TecDAX, ISIN DE 0003304002 / SOW).
Software AG - Get There Faster
Software AG | Uhlandstraße 12 | 64297 Darmstadt | Germany
Detailed press information about Software AG including a picture and multimedia database are available under: www.softwareag.com/press
Contacts:
Software AG
Paul Hughes, Director Media Relations
paul.hughes@softwareag.com
Telephone
+49 (0) 6151 92-1787
Fax +49 (0) 6151 92-1623
or
Alison
Garret, UK Marketing Manager
alison.garret@softwareag.com
Telephone
+44 (0) 1344 403803
Fax +44 (0) 1344 403822
