Software AG, a global leader in business infrastructure software, today announced that it has been awarded SWIFTReady Financial EAI Gold Certification for 2007, the organization's highest level of certification for interoperability. More than 8,000 financial institutions in more than 200 countries and territories depend upon SWIFT (the Society for Worldwide Interbank Financial Telecommunications) certification to ensure reliable, secure and assured messaging between member institutions. In its evaluation, support for current SWIFT messaging types, mappings and associated best practices; adherence with established guidelines for Straight Through Processing (STP), including transformation and routing; and demonstrated support for SWIFTNet connectivity were specifically assessed.
"SWIFT standards are regularly updated and improved to deliver additional value and functionality," said Eric Meirlaen, EAI Industry Analyst, SWIFT. "Software AG's continued adherence with our rigorous testing reflects the real commitment they've made to meet the needs of the financial services sector. This is particularly noteworthy due to the company's significant reach into over seventy countries around the world."
Software AG's global customer base includes over five hundred financial services institutions around the world. These organizations benefit immediately from the out-of-the-box interoperability delivered by the webMethods for SWIFT solution due to its strict adherence to SWIFT standards and protocols. As this solution is built upon the webMethods ESB, it also offers broad support for a number of other key industry standards, including SOAP 1.2, MTOM/XOP, JMS, WS Security and WS-I. As a result, financial services institutions can take full advantage of the proven reliability, scalability and security offered by the webMethods ESB and the SWIFT solution to address all of their inter-applications, intra-bank and external integration and interoperability requirements, and as the foundation for a comprehensive service-oriented architecture (SOA).
Building upon this platform, enterprises can also take advantage of the webMethods product suite' business process management (BPM) component to create and implement turnkey solutions to a number of customer-specific challenges. These efforts are accelerated by the availably of a number of pre-configured frameworks for specific industry processes, such as securities trading, payments processing and claims processing. Another key differentiator is the product suite's patented business activity monitoring (BAM) component, which can be used to automate compliance with published service-level agreements (SLAs) and regulatory mandates, for exception management and remediation, and for continuous process improvement and optimization.
"Software AG is a globally recognized leader in the financial services sector that has long met the uncompromising standards associated with high volume, high speed and high assurance transactional environments," said Ivo Totev, chief marketing officer, Software AG. "We're also differentiated by our time-to-value. Based on the flexibility of our webMethods platform, our embedded support for key industry standards, and the availability of preconfigured process frameworks, KPIs and best practices, customers are up and running with our solutions in a fraction of the time required by competitive alternatives. This adaptability and responsiveness is critical to financial institutions due to their need to respond to new customer demands and marketplace changes on a daily basis."
The announcement was made at Sibos 2007 Boston. This global conference and exhibition, produced annually by SWIFT, is the world's largest forum for the financial services sector with Software AG maintaining a significant presence at this year's event.
Software AG
Software AG's 4,000 global customers achieve measurable business results by modernizing and automating their IT systems and rapidly building new systems to meet growing business demands. The company's industry-leading product portfolio includes best-in-class solutions for managing data, enabling service oriented architecture, and improving business processes. By combining proven technology with industry expertise and best practices, our customers improve and differentiate their businesses - faster. Software AG has more than 37 years of global IT experience and approx. 3,800 employees serving customers in 70 countries. The company is headquartered in Germany and listed on the Frankfurt Stock Exchange (TecDAX, ISIN DE 0003304002 / SOW). Software AG posted total revenues of €483 million in 2006.
