SWIFT Parsing
Reliable SWIFT Parsing Requires Superior Data Services Solutions
Global financial firms rely heavily on SWIFT messaging standards in the processing of payments, securities, treasury operations, real-time gross settlements, and many other critical financial transactions. New business requirements are causing companies to seek new tools to automate the parsing of SWIFT messages in order to improve efficiency, reliability, and risk mitigation. For leading enterprises around the world, Progress Software provides a best-in-class data services solution with a SWIFT parsing, transformation and validation tool that enables organizations to create, validate, and share mission-critical SWIFT messages.
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SWIFT SWIFT operates a worldwide financial messaging network. Messages are securely and reliably exchanged between banks and other financial institutions. SWIFT also markets software and services to financial institutions, much of it for use on the SWIFTNet Network, and ISO 9362 bank identifier codes are popularly known as SWIFT codes. Complying with SWIFT 2008 standards. Financial institutions have built extensive processing systems using legacy SWIFTNet FIN messages as critical components for financial services. These systems are responsible for processing payments and securities, treasury operations, real-time gross settlements, and many other business-critical transactions. As new standards such as the SWIFTNet MT Standards Release 2008 (aka SR2008 or SWIFT 2008) emerge and evolve, they offer inducement to IT organizations to automate and modernize their processing systems. As SWIFT messages grow in number and complexity, automation is even more important to achieve greater efficiency and to protect the institution against loss of credibility and loss of business over failed transactions. For financial institutions around the world, we provide the tools to streamline financial services data management and comply more easily with SWIFT 2008 standards. |
Artix Data Services Delivers Tools for SWIFT Parsing and Validation
Progress® Artix Data Services is our open, standards-based, model-driven development tool and runtime for SWIFT parsing and for validating, transforming, and enriching SWIFT messages. Artix Data Services enforces the integrity of data, improves the efficiency of development teams, and simplifies the development and maintenance of SWIFT messaging, making it easier to model, test, and deploy reusable data services.
With Artix Data Services for SWIFT parsing, organizations can:
- Minimize the risk and the cost of failed transactions.
- Complete messaging projects on deadline by taking advantage of model-driven data services.
- Reduce the burden of ongoing maintenance to stay updated with SWIFT standards by in-sourcing SWIFTNet industry standards and updates from Progress.
Get SWIFT Messages, Validation Rules and APIs with a Tool for Reliable SWIFT Parsing
Artix Data Services Standards Libraries are specialized components for specific business scenarios, such as SWIFT parsing and payments processing, OTC derivatives, and corporate actions. Each Library implementation includes the industry standard message syntax, validation rules and test cases of valid and invalid data. Progress maintains these Libraries and issues updates to support the latest release of each standard. Support is provided for over 100 financial messaging standards implementations across 22 standards bodies, offering customers rich, out-of-the-box support for all their financial messaging data services requirements.
Artix Data Services is a component of the Progress integrated infrastructure suite. Artix is designed to streamline, modernize, and reduce the operating costs of complex and heterogeneous IT environments. Progress has a proven track-record of delivering mission-critical infrastructure for many Global 2000 companies.
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Artix Data Services
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In addition to providing industry standards for data services, Progress Software also provides solutions for content based routing, mainframe SOA, CORBA integration, data interoperability, ESB integration as well as a complete SOA infrastructure portfolio that supports enterprise messaging and complex event processing.
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