Netik LEADS WAY in eastern Europe, New TurboSwift clients go live on SWIFTNet FIN Service

LONDON, Jan 14 – Netik, the information automation company that specializes in providing specific information-centric STP software solutions for the securities and other financial markets announced today that TurboSwift, Netik's cost effective, accredited SWIFT gateway has been implemented by three new SWIFT members to go live on the SWIFTNet FIN service. Netik, working closely with distributor in Croatia, FL Sistems, signed Zagorska banka, Banka Brod and Splitsko-dalmatinska banka.

This latest release of TurboSwift (Version 7) also offers full compliance to the ISO15022 standards, whilst retaining ISO7775 message types for users wishing to participate in the ISO7775 Message User Group. The unique Web enabled user interface provides access to TurboSwift functions such as message entry and repair, Inquiries, routing and queuing through a standard Web Browser.

The existing 200+ TurboSwift customers will be migrating from the X25 network to SWIFTNet during 2003 and 2004 using the same proven software. Netik are also working with a number of customers to provide access to other SWIFTNet services as they become available using the gateway functionality of TurboSwift.

TurboSwift is certified for SWIFTNet FIN on the Windows and UNIX platforms and offers a unique solution to allow customers on platforms not supported by SWIFT’s SWIFTNet Link software (such as HP-UX and NCR UNIX) to remain on these platforms.

For more information, please contact Jennifer Massing

MassingPR
917-293-2405

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