Copernicus Makes S.W.I.F.T. Messaging Easier And Safer; Speeds Application Integration and Provides Local Message Delivery Audit.NEW YORK--(BUSINESS WIRE)--March 10, 1998--Executives of VIE Systems Inc. and S.W.I.F.T. announced today that users of proprietary and vendor-purchased finance industry software will be able to speed integration to S.W.I.F.T. through the Copernicus(R) application integration middleware A redundant term for "middleware." The concept of middleware is integration. See middleware. solution. "Integration with S.W.I.F.T. is key to enabling straight-through-processing of financial messages," said Scott Saber, senior vice president business development VIE Systems Inc. "With our S.W.I.F.T. offering, we will provide clients faster and more reliable integration with the S.W.I.F.T. global network. We believe that this will enhance the service our customers will provide to their clients, and underscores VIE's commitment to lead the innovation of technologies tailored to the needs of the brokerage, money manager and banking communities. "The Copernicus / S.W.I.F.T. module is more than just a method to link to the network," explained Saber, adding, "It provides message validation and error handling, a local delivery audit database and disaster recovery procedures See: explosive ordnance disposal procedures. that further enhance the security of message routing through S.W.I.F.T.," concluded Saber. VIE Systems' Copernicus will enable any message submitting application to communicate with S.W.I.F.T. - without recoding Noun 1. recoding - converting from one code to another coding, steganography, cryptography, secret writing - act of writing in code or cipher internal data formats or application logic. "In order for S.W.I.F.T. to facilitate the end-to-end exchange of financial transactions, from deal capture through clearance, it must integrate seamlessly with different systems," said Doug Jeffrey, regional director at S.W.I.F.T. "VIE Systems' Copernicus can certainly assist our customers' integration efforts. "Copernicus provides a manageable and extensible interface between applications that submit messages and those that use them - helping us to introduce S.W.I.F.T. services into the trading room The notion of "trading room" (sometimes used as a synonym of "trading floor", see below) is widely used in financial markets to refer to the office space where market activities are concentrated in investment banks or brokerage houses. while adding a very powerful foundation for integrating other applications at our client sites," added Jeffrey. S.W.I.F.T., the Society for Worldwide Interbank Financial Telecommunication For other uses, see swift (disambiguation). The Society for Worldwide Interbank Financial Telecommunication ("SWIFT") operates a worldwide financial messaging network. Messages are securely and reliably exchanged between banks and other financial institutions. is the bank-owned cooperative supplying secure messaging services and interface software to over 6,000 financial institutions in 164 countries. S.W.I.F.T.'s global network carried over 800 million messages in 1997. The average daily value of payment messages on the S.W.I.F.T. network is estimated to be above $2 trillion. S.W.I.F.T. helps its customers reduce costs, improve automation and manage risk. In addition to its 3,000 member banks, S.W.I.F.T. users include brokers, investment managers, securities deposit and clearing organizations, and stock exchanges. For information regarding S.W.I.F.T., contact Euan Sellar in Belgium (+32 2 655 32 43) or euan.sellar@swift.com. VIE Systems is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. focused on providing application integration products, services and solutions to organizations worldwide. VIE's flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , Copernicus, provides a software-based integration framework for companies to achieve application and system interoperability across the enterprise. VIE products are sold through its direct sales force, third-party distributors and strategic partners. VIE Systems is headquartered at 9 Polito Avenue, Lyndhurst, N.J. 07071, minutes outside New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , with additional offices in Atlanta and San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden . CONTACT: Jason Kannon Austin Lawrence Group 203/961-8888, ext. 3002 |
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