Informatica Platform achieves SWIFT certification

Thursday, 26 November 2009 06:47

News Facts

• Today, Informatica Corporation (NASDAQ: INFA), the world's number one independent provider of data integration software, announced that the Informatica Platform has achieved SWIFTReady Messaging Data Services (MDS) label certification from the Society for Worldwide Interbank Financial Telecommunication (SWIFT).

• The SWIFTReady MDS label is one of the most technically advanced solution categories defined by SWIFT. This label focuses on SWIFT message transformation and validation in any environment and architecture. Informatica B2B Data Exchange passed the entire battery of MDS technical qualification tests with either 99 percent or 100 percent accuracy in each of the criteria on the first attempts.

• SWIFTReady certification demonstrates the ability of Informatica B2B Data Exchange and B2B Data Transformation to support legacy SWIFT versions, automate compliance with new SWIFT versions, transition to SWIFT MX, and support the transformation of all SWIFT messages with quality-assured syntactic and semantic validation.

Broad benefits to banks and enterprises
Financial institutions that use Informatica to automate data integration with their SWIFT Alliance interface gain numerous benefits:

• 50% or more reduction in SWIFT messaging development and maintenance costs through a SWIFT library of pre-built transformation rules.

• Accelerated onboarding of customer data from weeks to days by integrating customer data in any proprietary format into SWIFT.

• SWIFT interoperability with other financial standards including EDI X-12, EDIFACT, Telekurs, FpML, BAI, FIX, CREST and NACHA, in any type of architecture (e.g.: legacy, SOA, proprietary) and across multiple environments (i.e.: EAI, ESB, DI).

• High performance integration of large batch files and high volumes of real-time messages inside or outside of the enterprise.

• Ensured compliance with new SWIFT versions months before the new SWIFT standard is in production.

Quotes

• 'Passing the MDS technical qualification tests with 99 percent and 100 percent accuracy on the first try is an impressive achievement,' said Eric Meirlaen, Senior Partner Manager, SWIFT. 'Through certification, Informatica has demonstrated both their technical ability and their commitment to supporting the SWIFT network and helping to extend its reach and value.'

• 'SWIFT certification is the latest in a series of SWIFT-related activities by Informatica this year, including our partnering with SWIFT on a joint offering for SWIFT Alliance Lite and teaming with Intel to support customers using SWIFT in service-oriented architectures,' said Girish Pancha, executive vice president, Data Integration Products, Informatica. 'We are committed to partnering with SWIFT to the largest possible set of customers: big and small, banks and corporations. With this new certification, customers can be assured that they can reduce the risk of SWIFT message errors, and the associated costs they can incur.'

Resources

• Informatica B2B Data Transformation

• Informatica B2B Data Exchange

• Informatica SWIFT Integration Solutions

About Informatica
Informatica Corporation (NASDAQ: INFA) is the world's number one independent leader in data integration software. The Informatica Platform provides corporations with a comprehensive, unified, open and economical approach to lower IT costs and gain competitive advantage from their information assets. More than 3,850 enterprises worldwide rely on Informatica to access, integrate and trust their information assets held in the traditional enterprise and in the internet cloud. For more information, call +1 650-385-5000 (1-800-653-3871 in the U.S.), or visit www.informatica.com.