SWIFT Bares Details of Release 7.0

Global financial messaging services provider SWIFT has bared the details of its next major release, which will be rolled out in 2011. Release 7.0 will affect both messaging (SWIFTNet) and connectivity (Alliance and third- party interfaces).

 

Fabien Vandenreydt, Head of Product Management, SWIFT, claims the Release 7.0 features are designed to meet customers’ needs and will translate into benefits such as reduced cost and risk, better control and more value.

 

For the Alliance interfaces, this means a more modern, web-based graphical user interface (GUI) framework; automated operations; a customer-hosted database; support for disaster site recovery; easier installation/configuration management; easier integration of FileAct flows; and new web services to query the messages and events in Access.

 

The new release replaces aging technology that is reaching the end of support and introduces new technology, including web services. Release 7.0 will also align the SWIFT community on new messaging features such as RMA (Relationship Management Application) support for FileAct and InterAct messages.

 

 

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