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ACE Software Solutions, Inc.
News Release
ACE Software Scoops Five SWIFT Labels Showing Complete Breadth in Intelligent Messaging Solutions for Banking
London, 18th September, 2006 - ACE Software Solutions, provider of fully integrated Straight Through Processing (STP) enabled payments and transaction processing solutions for the banking sector, has been awarded a wide array of SWIFT Label endorsements in 2006 demonstrating that the company is a class apart in the range of intelligent messaging solutions it offers the banking community.
SWIFT has awarded ACE Software Solutions Gold Label status for seven years, highlighting ACE’s experience in financial transaction processing for more than a decade. With five SWIFT Labels, ACE is alone in having accredited solutions that span the whole domain of networking, communications, standards, interfacing and value- added message processing via SWIFT protocols.
“A number of companies operate in various financial messaging arenas and may have one or two accreditations, but ACE’s SWIFT Labels demonstrate the complete breadth of our product range, and our complete understanding of the messaging environment using SWIFT,” said ACE Software Solutions CEO Parth Desai. “Banks can be confident that we can help them respond to the major changes to bank messaging through initiatives such as the Single European Payments Area (SEPA), TARGET2 and other global requirements in a fully standard-compliant manner.”
ACE has been awarded SWIFTReady Gold Labels for Intelligent Message Enhancer since 2000, and for Financial Enterprise Application Integration since 2003. 2006 is the third year ACE has been accredited for SWIFTAlliance Developers Toolkit (ADK) Plug-in. For the second year in a row, ACE has been awarded SWIFTNet Ready label for Real Time Account Information for Users as well as SWIFTNet Ready label for Real Time Account Information for Providers.
“ACE has established itself as a reliable partner to SWIFT, helping our customers to increase their STP and streamline their payments chain,” said Eric Meirlaen, EAI Industry Analyst, SWIFT. “In achieving our highest level of certification, ACE has proactively demonstrated its ability to meet the latest standards offered by SWIFT. We appreciate the speed and efficiency in which they’ve been able to help financial services institutions enact these standards.”
About ACE Software Solutions
ACE Software Solutions provides integrated, end-to-end Straight Through Processing (STP) solutions based on advanced AI (Artificial Intelligence) techniques. The company’s Pelican™ solution offers fully integrated real-time payments, liquidity and cash management. Clients include financial institutions worldwide including BNP Paribas, Credit Suisse, Deutsche Bank, RBC-Dexia Financial Group and American Express. ACE Software Solutions is headquartered in New Jersey with regional offices in London, Brussels and Mumbai. For further information, please visit www.acesw.com.
About SWIFT
SWIFT is the industry-owned co-operative supplying secure, standardised messaging services and interface software to nearly 8,000 financial institutions in 206 countries and territories. SWIFT members include banks, broker-dealers and investment managers. The broader SWIFT community also encompasses corporates as well as market infrastructures in payments, securities, treasury and trade. Over the past ten years, SWIFT message prices have been reduced over 80%, and system availability approaches 5x9 reliability — 99.999% of uptime. For further information, please visit www.swift.com |
