Systor certified by SWIFT as a "Provider of SWIFT Accredited Services"

Systor expands collaboration with SWIFT, Zurich, 17.09.2002 - The IT service provider Systor has been certified by SWIFT as a "Provider of SWIFT Accredited Services" for Switzerland. Systor Business Services AG was registered as a "SWIFT Service Bureau" at the same time.  Systor's reconciliation software, e.ReconciliationSY, is also in the process of being certified for the "SWIFTReady Silver Label."

SWIFT (Society for Worldwide Interbank Financial Telecommunications) is now the world's most important network for international financial transactions. The "Provider of SWIFT Accredited Services" certificate is awarded only to those companies that in the course of an extensive performance audit are able to demonstrate the necessary competencies in various areas of finance. In Payments, Securities, Reconciliation, Middleware and SWIFTNet-Connectivity, Systor passed this test with flying colors. Systor Business Services AG, meanwhile, a long-standing ASP service provider that operates a service center for various banking applications, including SWIFT transactions, was registered as a "SWIFT Service Bureau" at the same time. Clients can therefore be sure of an efficient, high quality infrastructure for access to the worldwide SWIFT network.

Systor's e.ReconciliationSY, is a powerful, system-independent and global reconciliation solution. Its extraordinarily high degree of automation, future-safe Web technologies, client-capability and modular structure not only make for efficiency, but also ensure adaptability even while in operation. SWIFT is currently in the process of certifying e.ReconciliationSY for the "SWIFTReady Silver Label."

Extended service portfolio for financial service providers Michael Walther, SWIFT Regional Manager for Switzerland and Liechtenstein, has welcomed Systor's decision to collaborate more closely with SWIFT: "For Systor, as a leading Swiss IT provider for the financial services industry, this SWIFT certification marks an ideal addition to the portfolio, especially as it takes full account of the growing demands of Switzerland's financial services industry."

A certificate for the future. Systor regards its SWIFT certification as yet another important milestone on its journey into the future. To be able to meet the ever more exacting demands made of them these days, banks and other financial institutions need maximum-availability messaging systems for the prompt and secure transfer of standardized business data between national and international market players. The replacement of the old X.25 network with the new, IP-based SWIFTNet is expected to have an especially positive impact when it
comes to opening up new areas of business for the financial services industry. Systor Group Executive Management member Andreas Buff is certainly convinced that "being connected up to the new SWIFTNet will be crucial to banks' success in the future."

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