Media releases are provided as is by companies and have not been edited or checked for accuracy. Any queries should be directed to the company itself.

Progress S/W Expands SWIFT Message Support

Progress Software Corporation (NASDAQ: PRGS), a global provider of application infrastructure software used to develop, deploy, integrate and manage business applications, today announced SWIFTReady Messaging Data Services 2009 certification for Artix Data Services 3.9 and the availability of pre-built standards libraries for SWIFT Standards MT Release 2009 (SR 2009), SWIFTNet Workers’ Remittances, SWIFTNet Bulk Payments, SWIFTNet SCORE, and SWIFTNet Transaction Reporting.
  • 19 August, 2009 11:53

<p>With out-of-the box support for Standards MT Release 2009, companies can significantly reduce the risks and costs associated in migrating their current SWIFT messages to the new format by November 21, 2009, when the changes must be implemented.</p>
<p>Artix Data Services is an open and standards-based development tool for building model-driven messaging data services and data models. Pre-built and maintained libraries for over 40 industry-messaging standards are provided. Each library includes the message syntax, validation rules, and test cases of valid and invalid data. With the Artix Data Services product, compliance with constantly changing messaging standards is simplified, while the risk of failed transactions due to invalid data is reduced.</p>
<p>Evaluated on a yearly basis, the SWIFTReady Messaging Data Services (MDS) label verifies the capability of a vendor's product to access, map and validate SWIFTStandards, translate messages from one SWIFT supported format to another and deploy a run-time version of the product as a service oriented architecture component. This is the fourth consecutive year that Artix Data Services has been SWIFTReady certified.</p>
<p>“Financial institutions are under extreme pressure to reduce operational risks, cut costs and improve customer service,” said Eric Meirlaen, business analyst at SWIFT. “Progress’ Artix Data Services tool facilitates SWIFT data interoperability enabling IT to be more responsive to these business needs. Its superior support for SWIFT MT, SWIFT MX and MT-MX transformations means firms can address today’s SWIFT messaging requirements as well as tomorrow’s. We are pleased to renew the Artix Data Services SWIFTReady accreditation.”</p>
<p>The SWIFT standards streamline business communications within the financial services industry and impact every level of an organisation. The Artix Data Services product’s support for SWIFTNet Workers’ Remittances messages enables banks to further automate their bilateral clearing and settlement of cross-border, person-to-person payments. Support for SWIFTNet Transaction Reporting messages enables reporting entities to modernise the way they meet reporting obligations, including those for MiFID (Markets in Financial Instruments Directive). Progress’ extensive SWIFT libraries now include support for SWIFTNet Standardized Corporate Environment (SCORE) messages facilitating the process automation between banks and corporate institutions, and SWIFTNet Bulk Payments messages for automating the transfer of bulk payments across national and regional communities.</p>
<p>"Our extensive support for SWIFT MT and MX messages combined with our MT-MX coexistence solution provides SWIFT users with the most comprehensive financial services data interoperability tool in the market today,” said Robert Stowsky, financial services director at Progress Software. "Receiving SWIFTReady Messaging Data Services 2009 accreditation is further validation of our ability to deliver high quality services for our customers."</p>
<p>For more information about Artix Data Services, please visit: http://www.progress.com/artixdataservices</p>
<p>About Progress Software Corporation</p>
<p>Progress Software Corporation (NASDAQ: PRGS) provides application infrastructure software for the development, deployment, integration and management of business applications. Our goal is to maximize the benefits of information technology while minimizing its complexity and total cost of ownership. Progress can be reached at www.progress.com.</p>
<p>For further information please contact:
Shuna Boyd at BoydPR on 02 9418 8100</p>

Most Popular

Cool Tech

Toys for Boys

Family Friendly

Stocking Stuffer

SmartLens - Clip on Phone Camera Lens Set of 3

Learn more >

Christmas Gift Guide

Click for more ›

Brand Post

Most Popular Reviews

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Latest Articles

Resources

PCW Evaluation Team

Aysha Strobbe

Microsoft Office 365/HP Spectre x360

Microsoft Office continues to make a student’s life that little bit easier by offering reliable, easy to use, time-saving functionality, while continuing to develop new features that further enhance what is already a formidable collection of applications

Michael Hargreaves

Microsoft Office 365/Dell XPS 15 2-in-1

I’d recommend a Dell XPS 15 2-in-1 and the new Windows 10 to anyone who needs to get serious work done (before you kick back on your couch with your favourite Netflix show.)

Maryellen Rose George

Brother PT-P750W

It’s useful for office tasks as well as pragmatic labelling of equipment and storage – just don’t get too excited and label everything in sight!

Cathy Giles

Brother MFC-L8900CDW

The Brother MFC-L8900CDW is an absolute stand out. I struggle to fault it.

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Featured Content

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?