Trade for Corporates - the value of the label
Eight vendors are accredited with 2010 SWIFTReady Trade Finance labels
Corporates and banks looking for software solutions to complement SWIFT’s Trade for Corporates standards and messaging need look no further.
There are two labels for Trade Finance applications – SWIFTReady Trade Finance for the banking application, and, new in 2010, SWIFT for Corporates – Trade Finance – for the corporate application.
The 2010 vendor accreditation process currently has seven vendors achieving the banking application label, and one new corporate application label.
Key to the success of the SWIFT Partner Management programme is that compliant applications are awarded a SWIFTReady label according to clear and specific criteria which are SWIFT-specific and re-evaluated on a yearly basis.
SWIFTReady Trade Finance label 2010 (banking application):
| China Systems |
Eximbills Enterprise |
|
Complex Systems Inc |
BankTrade |
|
DOS |
DOKA5 |
|
Misys |
TI plus |
|
Micro Informatique et Technologies |
Credoc |
|
Sopra |
Evolan IB |
|
Surecomp |
IMEX |
NEW SWIFT for Corporates – Trade Finance label 2010 (corporate application):
| Global Trade Corporation |
@globaltrade |
SWIFTReady Trade Finance label 2010 (banking application) – accredited vendors:
The SWIFTReady accreditation reflects our ongoing commitment to SWIFT Standards and the growing community of organisations using them. Together with our commitment to Trade Services, SWIFT compliance is an integral part of our strategic roadmap.
Joel Schrevens, Solutions Director, China Systems Corporation
The SWIFTReady Trade Finance Label is an important industry benchmark and a primary indicator for our clients and prospects during system evaluations. We have been committed to this accreditation since inception and remain so. We have seen over many years how clients have recognised the annual investment in our software to ensure incoming and outgoing SWIFT Trade messaging meets the exacting standards laid down by SWIFT. James Tindall, Senior Vice President, Complex Systems Inc.
The accreditation for the Trade Finance label underlines our high levels of competence as a software supplier of highly integrated trade finance solutions for banks and corporates and our capability to support sophisticated business transactions with maximum speed and transmission reliability. Jochen Oberländer, General Manager, DOS Dialog orientierte Software GmbH
Achieving SWIFTReady Trade Finance certification confirms Misys as one of the most comprehensively certified SWIFT partners in our market, having SWIFT compliant solutions for payments, messaging, front office and back office trade finance. Misys customers can be confident that our solutions are fully SWIFT compliant, ensuring the highest straight-through-processing rates for SWIFT messages and minimising costly errors and delays in message processing. Olivier Berthier, Solutions Director, Transaction Banking, Misys plc.
We are delighted that SWIFT has granted us the label for yet another consecutive year. Complying with market standards has always been a key priority for our Company. Paul Cohen-Dumani, General Manager, MIT
The trade finance business requires a lot of industrialisation. SWIFT provides the network, and software vendors have to provide industrialised solutions. Bankers need to be confident that our solution is SWIFT compliant. With this accreditation, our customers have faith in the quality of our solution. François Cueille, Deputy Head, Evolan International Banking
SWIFT accreditation for a consecutive 12th year places Surecomp in an exclusive position, demonstrating not only the uniqueness of the solution but its intrinsic value to users by ensuring that SWIFT compliance principles have been fulfilled. Joel Koschitzky, Chairman, Surecomp
SWIFT for Corporates – Trade Finance label 2010 (corporate application) – accredited vendors:
SWIFT Ready certification is an important milestone in the development of our solutions for corporates. Corporates can now use SWIFT, the largest bank communication network in the world, for secure electronic connectivity to multiple banks dealing with their letters of credit and bank guarantees. Nick Pachnev, CTO, GlobalTrade Corporation
“Combining the strengths of strong market players with SWIFT’s network of banks and corporates offers our community higher quality and more cost effective solutions,” comments André Casterman, Head of Trade and Supply Chain, SWIFT. “As we are entering new fields such as e-invoicing and supply chain finance, we will continue to grow our network of partners to the benefit of banks and their corporate customers.”