Sun Launches Open Suite for SWIFT for Financial Institutions and
Corporate Treasuries
End-to-End Solution Kick-Starts SWIFTNet Integration
VIENNA, Austria (Business Wire EON/PRWEB ) September 14, 2008 --
Sun Microsystems, Inc. (NASDAQ:JAVA) today announced the launch of the
Sun Open Suite for SWIFT,
a complete end-to-end software and hardware infrastructure solution to
help corporate treasuries and financial institutions kick-start fast and
secure SWIFTNet integration.
“As a market leader in payments, Sun is once
again ahead of competition in launching one of the industry’s
first complete and open SWIFTNet-integration solution,”
said Ambreesh Khanna, Global Head of Financial Services, Sun
Microsystems. “Given the current dynamics of
the financial industry, we need to provide innovative technology
solutions that are cost-effective, risk-free and easy to deploy. We are
confident that with the Sun Open Suite for SWIFT, our customers can turn
cost centers into opportunities for new revenue streams.”
Corporations, banks and securities firms initiate new SWIFT projects for
various reasons. For example, SWIFTNet integration could help simplify
government regulation compliance efforts, streamline industry
initiatives and speed replacement of legacy software. Whether starting
new SWIFT projects or consolidating existing SWIFTNet access points, the
Sun Open Suite for SWIFT solution could help minimize implementation
risk and cost, simplify adoption of new SWIFT technology standards and
speed deployment of SWIFT FIN-based message flows and new XML-based
SWIFT Solutions.
In order to connect to SWIFT, organizations need an integration solution
that enables back office applications with the ability to communicate
with SWIFT. This allows for automation and standardization of financial
transactions, thereby lowering costs, reducing operation risks and
eliminating inefficiencies.
“Our customers are looking for a hassle-free
way to connect to the SWIFT network. While it is important for them to
automate and standardize their financial processes, they cannot afford
programs associated with high upfront and maintenance costs,”
said Carlos Pastor, CEO Red Financiera - Grupo Acotel SWIFT Service
Bureau. “We selected Sun’s
Open Suite for SWIFT solution as it is the most cost-effective and
innovative available today.”
The Open Suite for SWIFT solution comprises Sun's leading edge financial
services products—the Sun
Java™ Composite Application Platform Suite
(Java CAPS), hardware, operating systems, high-availability clustering
options—and a partner network for rapid
deployment, all brought together to suit the specific needs of SWIFT
participants, including those preparing to join SWIFT and those
consolidating or upgrading current SWIFT infrastructure.
Java CAPS was recently certified with the SWIFTReady Financial EAI Gold
Label, for the tenth consecutive year–
confirming that the Sun solution is fully compliant with current
requirements of SWIFT network.
Companies interested in the Sun Open Suite for SWIFT solution can
contact Sun by sending an email to swift@sun.com.
For more information on Sun in financial services: www.sun.com/finance.
About Sun Microsystems, Inc.
Sun Microsystems develops the technologies that power the global
marketplace. Guided by a singular vision -- "The Network Is The
Computer" -- Sun drives network participation through shared innovation,
community development and open source leadership. Sun can be found in
more than 100 countries and on the Web at http://sun.com.
Sun, Sun Microsystems, the Sun Logo, Java, and The Network Is The
Computer are trademarks or registered trademarks of Sun Microsystems,
Inc. or its subsidiaries in the United States and other countries.
See the original story at: http://eon.businesswire.com/releases/swift/suite/prweb1333714.htm
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