London. 16th October, 2003. SmartStream Technologies is pleased to announce that it has achieved SWIFTReady Gold label status for its Trade Finance product range for the fifth consecutive year.
SmartStream's Trade Finance product is a complete Trade Finance solution, which enables banks to automate the processing of the full range of documentary business. This is the fourth SWIFTReady Gold accreditation to be received by SmartStream this year.
To qualify for SWIFTReady Gold label status, SmartStream demonstrated that its Trade Finance solution met with the specific set of criteria linked to the support of SWIFTFin messages and SWIFT functionality. The criteria are reviewed every year to ensure they are in line with SWIFT's evolution and customer requirements. The criteria included:
- Provide and support a MQSA interactive interface to SWIFTAlliance
- Directory integration of BIC and BIC+ data
- Manage outgoing and incoming message types, and accommodate new
- The application must be used by 5 'live' customers
- Provide rules based processing to allow for STP
Martin Brown, CEO, SmartStream Technologies commented: "We have always regarded SWIFT's accreditation process as highest priority for our solutions and customers. We are delighted as always that we have achieved the status yet again. This is our fifth consecutive year of achieving Gold label status, which is something I am particularly pleased about. We continue invest in our technology to ensure we can achieve consistently high standards for our products across the board ? this is key to us continuing to remain successful and maintaining our leading position in our market place."
The SWIFT Partner Solutions' global label programme certifies third party applications that support SWIFT functionality and messages by accrediting functionality as well as validating the integration of third party applications into SWIFTAlliance interfaces and providers of SWIFT-related services.
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