Operations Briefs

Netik, an independent supplier of financial-messaging products for the Swift network, announced the launch of its SwiftNet Gateway product, TurboGateway. This multi-service SwiftNet gateway is available on both Windows and UNIX platforms and allows access to all existing and future SwiftNet services such as FIN, CLS, RTGS Plus, etc. TurboSwift Version 7.0, Netik's accredited Swift CBT, with TurboGateway V1.1 provides the ability to connect to the FIN messaging service over SwiftNet. X25 connectivity is retained, giving customers flexibility in managing their migration.

Mercator Software, Inc. announced that it has successfully completed conformance testing with Omgeo Central Trade Manager. The Mercator solution enables clients to communicate with Omgeo CTM via a direct interface. It integrates existing back-office processes and settlement infrastructure with Omgeo CTM, leveraging existing IT investments. Mercator can perform each of the transformations necessary to create, format and validate all Omgeo CTM message types. Mercator also manages the process flows, eliminating the need for host applications to perform this function.

The latest research from real-time exception-processing vendor SunGard eProcess Intelligence, says that global top 500 banks predict strong growth for the delivery of customer-based Web services. According to SunGard, the findings reflect how institutions are seeking to reduce costs, and improve their service levels and competitive positioning by providing interactive access to exception information, maximizing the value they are obtaining from their automated exception-processing systems.