After rigorous testing of its best practice and due diligence, Sterling Commerce has been awarded the SWIFTReady label for Financial EAI (enterprise application integration) for the fourth consecutive year.
One of the first certifications to be announced this year from SWIFT, it was given to Sterling Commerce for the Sterling Integrator 5.0 solution released in April.
Unlike many other systems out there, the Sterling Integrator solution has not just been purpose-built to plug into SWIFT Net, it also provides connectivity to tens of thousands of corporate and banking systems.
This certification is important to Sterling Commerce, not only because it believes in the good industry practice that SWIFT promotes, but also because it demonstrates to its customers and prospects the high standards that Sterling Commerce adhere to everyday. Many of its customers, such as securities processing provider SLIB, have selected Sterling Commerce due to its stringent compliance to SWIFT’s compliance requirements, specifically the ISO 20022 standard.
Compliance to SWIFT’s standards is becoming increasingly important in the industry globally. Growth in electronic transactions and payment volumes, along with government and industry compliance means that corporates and financial institutions alike need to ensure their systems can cope with the heightened complexity involved in handling the traffic of financial data.
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