US software firm IONA have an completed an alliance agreement with SWIFT to submit, adopt and promote SWIFT messaging standard proposals and technical guidelines. IONA, an e-Business Platform provider for Web Services Integration, will work with SWIFT and its member organisations to submit, adopt and promote SWIFT messaging standard proposals and technical guidelines. It will focus on the adoption of web services to extend industry integration to institutions of all sizes, including smaller buy-side participants such as investment managers and hedge funds. Linda Brookheim, Partner Solutions Manager at SWIFT, explains: ‘Using a simpler and lower cost mechanism, like Web services, to extend SWIFT integration and leverage new standards, like ISO-15022, especially for buy-side participants, is really quite innovative and practical. As IONA looks to extend connectivity to SWIFT, we are pleased to welcome them as a SWIFT registered partner.’
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