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Oracle Awarded SWIFTReady Labels

Posted On: 2009-09-13 22:44:16

Sibos 2009, HONG KONG September 14, 2009: At the financial services industry's premier global conference, Oracle today announced that it has been awarded SWIFT-certified labels for Payments, Single Euro Payments Areas (SEPA), Financial Enterprise Application Integration (EAI) and Funds.

SWIFT runs an annual program for qualifying the SWIFT-compliance of third-party software applications for the financial services sector.

Certified applications are awarded a SWIFTReady application label when they demonstrate compliance with SWIFT standards, messaging services and connectivity.

As part of the 2009 program, Oracle has been awarded four SWIFTReady application labels. These include"

- SWIFTReady Payments 2009 label for Oracle FLEXCUBE Universal Banking
- SWIFTReady SEPA 2009 label for Oracle FLEXCUBE Messaging Hub
- SWIFTReady Financial EAI 2009 label for Oracle Service Bus for Financial Services
- SWIFTReady Funds 2009 label for Oracle FLEXCUBE Messaging Hub

Certified applications are awarded a SWIFTReady application label when they properly complement SWIFT's value proposition and demonstrate compliance with SWIFT standards, messaging services and connectivity.

Specifically for the Transfer Agency and Fund Managers SWIFTNet Funds enables adherence to ISO20022 messaging standards, 45+ SWIFTNet Funds messages as per SWIFTNet Funds schema, messaging support to SWIFTNet InterAct protocol & SWIFT integration via alliance gateway.

"Our participation in this year's SWIFTReady program has been tremendously successful and is an important part of our ongoing commitment to provide customers with comprehensive solutions that meet important industry standards," said Paul Shetler, Senior Director, Oracle Financial Services Global Business Unit. "We believe the strength of our relationship with SWIFT is a real asset to our business and better positions us to help our customers address their most pressing business challenges and requirements"

"Oracle has proven, with its four SWIFTReady labels, that it takes SWIFT compliancy seriously across its product lines," said Frank Smits, Head of the SWIFTReady program. "The SWIFTReady qualification process has objective criteria that are validated by SWIFT experts and customer reference checks on a yearly recurring basis"

The stock was trading at Rs.1757, down by Rs.11.40 or 0.64%. The stock hit an intraday high of Rs.1771 and low of Rs.1725.

The total traded quantity was 1928 compared to 2 week average of 23296.

Source: Equity Bulls

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