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`SWIFTComplete' financial solution. (IT News).


The Vitria SWIFTComplete is designed to simplify compliance to changing SWIFT financial standards. The new solution enables users of Vitria's BusinessWare integration platform to manage change, offering reduced costs, increased efficiency and improved Straight Through Processing In financial technology, the ability to process a stock transaction by computer from beginning to end without manual intervention at any of the stages.  (STP STP or standard temperature and pressure, standard conditions for measurement of the properties of matter. The standard temperature is the freezing point of pure water, 0°C; or 273.15°K;. ) rates.

SWIFTComplete enables financial institutions to consolidate control and management over SWIFT network interfaces without disrupting existing applications. Firms can centrally manage change across applications and isolate points of failure from one dashboard (1) See Mac Dashboard.

(2) A software-based control panel for one or more applications, network devices or industrial machines. Dashboards display simulated gauges and dials that look somewhat like an automobile dashboard.
, decreasing maintenance costs and improving response times to fix messaging errors. The solution also enables companies to automatically generate SWIFT messages, implement network validation rules A Validation rule is a criterion used in the process of data validation, carried out after the data has been encoded onto an input medium and involves a data vet or validation program. , convert between formats, repair failed trades and monitor message traffic and exception-handling in real-time. The SWIFTComplete solution

* Improves transaction visibility across multiple systems, in native messaging formats, enabling business managers to view the transformation process and help facilitate repair.

* Centrally manages message mapping and transformations, reducing errors and the number of man hours required to implement changes;

* Enables real-time exception management with tools for the detection, repair and escalation es·ca·late  
v. es·ca·lat·ed, es·ca·lat·ing, es·ca·lates

v.tr.
To increase, enlarge, or intensify: escalated the hostilities in the Persian Gulf.

v.intr.
 of errors, simplifying business activity monitoring See BAM.  and reporting.

* Reduces the time and cost of systems maintenance through a modular architecture that isolates changes and upgrades.

www.vitria.com
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Publication:Database and Network Journal
Article Type:Brief Article
Geographic Code:1USA
Date:Apr 1, 2003
Words:192
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