SWIFT is the Society for Worldwide Interbank Financial Telecommunication, a member-owned cooperative through which the financial world conducts its business operations. More than 8,300 banking organisations, securities institutions and corporate customers in more than 208 countries entrust SWIFT every day to exchange millions of standardised financial messages.
The SWIFTReady Label Programme provides customers with valuable information to take into account when selecting an application or integration service from a SWIFT Solution Partner. It gives peace of mind that the application or the integration service supports their SWIFT-related business needs.
âWe attribute labels on a yearly basis, by leveraging our expertise in standards and business processes to assess the SWIFT compliance of the application or integration services,â says Patrik Neutjens, head of partner management at SWIFT. âThese labels are awarded to only a select few of elite providers who reach the rigorous standard that we set down. The criteria for the labels are based on the SWIFT-related aspects of an application or integration service and customers working with Pegasystems can be assured of its compliance to our very high standards.â
SWIFT enables its customers to automate and standardise financial transactions, thereby lowering costs, reducing operational risk and eliminating inefficiencies from their operations. By using SWIFT customers can also create new business opportunities and revenue.
Willy Fox, senior director of Financial Services Solutions, Pegasystems, concludes, âIndustry bodies such as SWIFT are critical components in the global payments arena and we are thrilled to, again accept the label as SWIFT certified. Pegasystems is the longest established and most experienced vendor to support the wholesale banking Exceptions and Investigations standard with more than $1 trillion managed daily.â Fox concludes, âWe enable organizations to differentiate their service offerings and compete more aggressively in this dynamic market. Thereâs no other vendor that has the breadth of experience, pedigree, consistency and sheer focus on customer service that Pegasystems has, which is why we are able to consistently raise the bar and earn this prestigious label year after year.â