Oracle Financial Services Software Ltd.

Oracle Financial Services Software has received the SWIFTReady Payments Label 2012 for its Oracle FLEXCUBE Universal Banking 12.0 at SIBOS, the financial services industry’s premier global conference.

The SWIFTReady Payments label certifies core banking or payments applications that enable the initiation, generation, processing and settlement of inter-bank payments. Products must demonstrate compliance with SWIFT standards, messaging services, and connectivity; integrate efficiently in the SWIFT environment; increase traffic automation; and support Straight Through Processing (STP).

SWIFT, which supplies secure messaging services and interface software to wholesale financial entities, runs an annual program for determining the SWIFT-compliance of third-party software applications across all financial services market segments.

The SWIFTReady label program helps to foster solutions that are compliant with the business and technical requirements of the financial industry and enable more efficient transaction processing. Along with this certification, Oracle has also made available enhancements to Oracle FLEXCUBE for Mobile banking as well as loan originations.