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Solutions for SWIFT Messaging
Volante makes it easy for users to build, upgrade, migrate or enhance any SWIFT solution. This is accomplished by using Volante's SWIFT ready products and Volante Services. These solutions enable business users to receive or generate SWIFT messages, process and map them to other formats and catch and handle exceptions as determined by business requirements.
Sample solutions that can be rapidly built and deployed using Volante's Products and Services include:
- ISO 7775 to ISO 15022 migration While this migration is officially complete for the SWIFT network, several private networks continue to exchange ISO 7775 messages. Customers still using these "old style" messages can look to Volante to help them migrate quickly and with minimal disruption of services while realizing the benefits of improved STP and wider access that comes with ISO 15022.
- Code Validations Starting June, 2004, SWIFT will be enforcing Code Validations. These are the allowed values for the code component of certain SWIFT fields. By performing these validations before sending out messages on the SWIFT network, firms can ensure that their messages are SWIFT compliant and won't be rejected, due to invalid codes.
- Bridging between SWIFT and other Networks Volante provides support for real-time processing of SWIFT messages for Asset Managers, Broker/Dealers and Custodians. These messages can be received or sent via a SWIFT gateway communicating with the SWIFT network and mapped to other formats such as FIX or proprietary formats. Subsequently the messages can be sent out over public or private networks using these formats. Such bridging functionality is very useful for applications such as real-time cross-border trading, service providers with private networks, etc.
The Volante SWIFT plug-in and related components provide extensive support for SWIFT messaging solutions. This includes:
- A Unified Data Dictionary that supports ISO 15022 DFD as well as ISO 7775.
- A comprehensive Message Catalog containing all categories of SWIFT messages.
- Network Validations
- Core processing functions can be defined via a GUI - including mapping to other formats, validations, exception processing, message flow control, persistence to DB, etc.
Volante's Professional Services organization has considerable expertise in SWIFT messaging - particularly in SWIFT enabling customers' in-house applications and integrating them with the SWIFT network.
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