References
: Bank for International Settlements, Clearstream , Friesland
Bank, Saudi Arabian Monetary Agency, Dexia, and many more
...
News : March 2007,
Sterci has renewed its SWIFTNet ready 2007 accreditation
for funds with Steform. | |
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Application integration EAI |
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Future
Proof Messaging Infrastructure
Financial messaging standards are evolving rapidly to meet
new business requirements and automate each step along the
value chain. The adoption of eXtensible Markup Language (XML)
is opening up new possibilities for bank-to-bank as well as
bank-to-corporate STP. Financial institutions must respond
rapidly to evolutions in messaging standards and enhance the
quality of their messages to maximise STP. Steform supports
the latest ISO 20022 SWIFTNet funds standards enabling Financial
Institutions to eliminate fax message processing for funds
distribution. |
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Steform
highlights
Steform is an intelligent message builder EAI based on Java
and XML open standards. Steform provides an efficient mapping
tool between business applications and the latest messaging
standards including SWIFT FIN, ISO 20022 (Payments, Funds,
Exceptions & Investigations, Cash Reporting), FIX 4.0
to 4.4, Interpay, SIC, Secom, SARIE, Target 2. Business rules
can be configured to customise the message content according
to the bank and relationship requirements. Steform services
can be available to any applications through an Enterprise
Service Bus in a SOA. |
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Steform
value-added features
- Non-intrusive solution when using the flow layer.
- Easy Connect is the Steform technology embedded into another
Sterci product Stelink, Stematch or KEYdata
- Steform can be either licensed as a stand alone EAI product
or embedded into a third party application to provide an inside
transformation and connectivity tool.
- Complete standards description (including validation rules)
of SWIFT messages in XML.
- Multi-standards knowledge kernel open to any formats.
- Easy configuration of mapping rules utilising a graphical
user interface.
- Business variant editor to customise messages.
- Configurable workflow using a rules engine.
- Reduced maintenance charges with release migration kit.
- Easy parsing of host application data formats.
- A business solution which is easy to implement.
Sterci’s complementary suite of solutions for STP including
Stelink
financial messaging hub, Stematch
for reconciliation & exception management and
KEYdata
for market data management.
The funds industry is victim of its success. The distribution
side is suffering from the lack of standardisation and from
its highly manual processes. The massive usage of non-structured
messages alike FAX represent an operational risk exposure
and high costs for all players. SWIFTNet Funds is the SWIFT's
messaging standard tailor-made to the needs of the investment
funds distribution players. Based on the new ISO 20022 XML,
SWIFTNet Funds allows to standardise and automate the following
business flows: account openings and maintenance, orders,
statuses or cancellations of orders and order confirmations,
transfers, statements (of holding and transactions), reporting
on price, cash flow, commissions, prospectus static data.
Steform, the Sterci Intelligent message builder EAI, includes
the complete SWIFTNet Funds messaging library and can be used
by any funds application for Inbound or Outbound flow of information
or transactions.
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