
SWIFT, the Society for Worldwide Interbank Financial Telecommunication, has just awarded Sun the SWIFTReady Label in the category of Financial Enterprise Application Integration (EAI) for the 10th consecutive year, recognizing Sun's flagship SOA product, Java CAPS. This is no small accomplishment as SWIFT has been raising the bar every year and asking EAI vendors to further adopt the SWIFT standards in an effort to help SWIFT participants achieve better straight-through processing (STP) rates over the SWIFT network.
The SWIFT certification is great news
for Sun and for all of our financial services customers, who have
seen high-throughput EAI become more and more critical in the SWIFT
world. For example, over the years, SWIFT has asked financial
institutions to adopt new ISO standards and new security mechanisms.
Customers, who are early adopters of financial EAI for SWIFT, have
been able to benefit faster from automated adoption of new
SWIFTSolutions.
Sun's Java CAPS solution being deployed by SWIFT customers allows out-of-the-box support for real-time interactive message exchange and file transfer — validating data flows in business transactions between back-office applications and SWIFT interfaces deployed at financial institutions and corporations. For banks, fund managers, service bureaus and other SWIFT participants, Java CAPS lowers the barriers to automate financial transactions over the SWIFT network. It dramatically lowers the cost of achieving the benefits of new SWIFTSolutions, such as: SEPA, SCORE, Investment Funds, Cash Management, Exceptions and Investigations and Proxy Voting.
With SWIFT’s announcement of the Alliance Lite and Alliance Integrator projects, it’s raising the bar for Financial EAI once more. Sun is actively working on aligning Java CAPS with SWIFT’s Integrator solution once it will be available to the market.
For more information on Sun's SOA products and the new Java CAPS 6, go here.
For more information on Sun's solutions for the financial services industry, go here.
