Web-based Message Entry & Repair Solutions for SWIFT Messaging Batch to Real-Time Connectivity Regulatory Compliance Service Provider Connectivity

Webforms Message Entry & Repair Users such as asset managers and brokers who originate financial transactions represent the beginning of a series of processing steps, most of which are largely automated. Very often these message origins involve manual communications such as phone, fax or email. Consequently, if there are errors in data entry, these errors propagate with the generated messages all the way downstream, if not intercepted early enough. This could translate to significant costs to the organization, such as paying for rejected SWIFT messages. It also introduces business processes, such as managing exposure to increased risk of unsettled transactions, which add no value but a lot of costs to the primary functions of the organization. Ideally errors of this nature should be avoided by providing the user with an intuitive, easy to use UI that eliminates the possibility of error to start with. However, such errors cannot be eliminated entirely. In such cases, it becomes important to: Catch these errors during messages entry - by having the system perform various validation checks, and getting the user to correct them before sending it out. Have an exception processing capability, which provides the user the ability to intercept and repair messages before they are sent out to trading partners. The simple conclusion is that the more upstream those errors are caught and processed, the more effective the process. Volante WebForms for Message Entry and Repair offers this capability in conjunction with workflow applications from other vendors. Volante WebForms allows automatic rendering of web-based screens for wire-format messages such as those used in SWIFT or FIX. Integrating this to the orchestration capabilities of systems such as Microsoft BizTalk and Vitria BusinessWare, provides the end-to-end capability of Message Entry and Repair. Being a web-based system, such a solution can easily be implemented as a hosted service. This can be exposed to users as a single point of connectivity for various messaging requirements, such as: Trade Initiation and Confirmation Settlement Instructions Allocations Corporate Actions Features of Volante's WebForms for Message Entry and Repair: Automatically generates the UI for screen rendering of messages, using the Volante Designer and Webforms, while still allowing for customizations. Presenting the user with business friendly field names rather than arcane names used by external message formats Handles complex message structures - including optional fields, repeating sections, fields with default values, etc. Ability to specify validation rules for input data Ability to specify data enrichment rules for input data Ability to persist messages to a database Mapping of the user input to various formats (e.g. SWIFT, FIX), without requiring coding Can be deployed on a variety of infrastructure platforms Can be integrated with a variety of workflow and exception processing systems. Top