Logica Accelerates Its SWIFT MT-MX Translations With Volante Messaging Solution
By Volante Technologies, PRNETuesday, May 18, 2010
NEW YORK, May 19, 2010 - Volante Technologies and Logica today announced a new partnership in
North America. In a move to enhance its SWIFT MT-MX translations, Logica will
incorporate Volante's message transformation technology into its Intelligent
Gateway.
Logica's Intelligent Gateway is a new global messaging platform for trade
finance, payments, and securities systems. Volante will initially be deployed
to transform SWIFT MT and MX securities and payment messages. Subsequently,
Volante will enable format conversions of SWIFT messages as well as BAI2,
eBAM, FpML, and other message types.
"At Logica, we work closely with our technology partners to deliver
innovative solutions that offer clients a competitive advantage," said Jeremy
Schutte, Senior Vice President of Logica North America. "Volante adds to our
capabilities with their deep expertise in transforming SWIFT and other
messaging formats as well as their speed in bringing the SWIFT MT-MX
translations to market," said Schutte. "This will enable Logica to release
updates more quickly to clients in response to regulatory changes and new
business requirements. In turn, Logica's Intelligent Gateway clients can
accelerate the introduction of new business services for their corporate
customers, correspondent banks, and retail customers."
Logica's messaging and payments solutions process more than US$19
trillion USD each day for some of the largest international banks and
corporations. Logica is delivering the Intelligent Gateway solution to
multiple tier 1 banks for test system environments this year. The solution
will go live in 2011.
"We are delighted to contribute to the innovative development environment
at Logica," said Vijay Oddiraju, CEO of Volante. "As the financial world
gradually converts from the older SWIFT MT message format to the new MX
messages, efficient MT-MX conversion is an essential capability in any bank.
This, as well as interoperability of other financial messaging formats, is
what Volante provides. Our goal as a partner is to make a win-win solution
for Logica and its many financial industry clients."
Volante is a data integration technology that incorporates built-in
domain knowledge of financial messaging formats such as SWIFT, BAI2, ACH,
FIX/FAST and XML, as well as proprietary formats. Volante is infrastructure
agnostic. Messaging solutions developed using Volante can be seamlessly
integrated into a customer's existing middleware, such as J2EE application
servers, service oriented architectures (SOA) or existing applications.
About Logica:
Logica is a business and technology service company, employing 39,000
people. It provides business consulting, systems integration and outsourcing
to clients around the world, including many of Europe's largest businesses.
Logica creates value for clients by successfully integrating people, business
and technology. It is committed to long term collaboration, applying insight
to create innovative answers to clients' business needs.
Logica is listed on both the London Stock Exchange and Euronext
(Amsterdam) (LSE: LOG; Euronext: LOG). More information is available at
www.logica.com.
About Volante
The first SWIFT vendor partner to win the SWIFT Messaging Data Services
designation, Volante Technologies has been accelerating data management for
the financial services industry since 2001. Volante provides integration
solutions for low-latency environments, service oriented-architectures,
vendor data consolidation, event processing, SWIFT message integration and
other complex data challenges. Its metadata-based technology also enables
data governance and model-driven data initiatives.
Volante solutions are employed by buy-side and sell-side institutions
around the globe, corporate treasuries, financial industry utilities and
exchanges, and leading service and software firms. For more information,
visit www.volantetech.com.
Media Contacts: Kathleen Hawk +1-(845)-687-2222 kathleen@volantetech.com Mimi Reilly +1-(713)-954-7018 mimi.reilly@logica.com
Kathleen Hawk of Volante, +1-845-687-2222, kathleen at volantetech.com; or Mimi Reilly of Logica, +1-713-954-7018, mimi.reilly at logica.com
Tags: England, May 19, New York, Volante Technologies