Every year, SWIFT awards product certification labels in order to provide its members with quality criteria to assist them in the choice of software solutions. To be awarded a label, the software must fulfill and comply with a set of criteria which reflect its capability to provide message processing automation in a SWIFT context. The requirements are updated every year, and providersâ products undergo annual SWIFT assessments.
Swissrisk has participated in the SWIFTReady certification program since 1999, and the successful yearly renewal of this label demonstrates Swissriskâs ongoing commitment to provide fully SWIFT compliant solutions to the financial industry.
Dirk Vesper, Swissriskâs Head of X-Gen Product Development, remarked, "X-Gen allows customers to implement projects for Asset Managers and Securities Back-office Operations very quickly. New clients can be on boarded within days. X-Gen supports institutions to become MX compliant and to meet the SWIFT deadline for MT decommissioning in 2012â.