428.60 (5.69%) Oracle Financial Services Software’s Oracle FLEXCUBE Universal Banking 11.2.0 has received the SWIFT Ready Payment Label 2011. The SWIFT Ready label identifies products that demonstrate compliance with SWIFT standards, messaging services, and connectivity; integrate efficiently in the SWIFT environment; increase traffic automation; and support straight-through processing.
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 for the financial services sector. The SWIFT Ready 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.
Oracle Financial Services Software (OFSSL) is engaged in providing products and services to financial industry. The company is the largest enterprise company more than 8,500 financial services customers spread across 145 countries.