The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

For Users of Swift Alliance Integrator, Volante Adds Value With Validation and Translation Services

Powering finance with data management innovations, Volante today announced new add ons to Swift’s Alliance Integrator to ease Swift deployment and ensure correct message formatting. The Volante Swift Validation and Translation Services leverage Volante’s proven and comprehensive support of Swift messaging dictionaries and functions to reduce the effort involved in connecting to the Swift network, while helping users avoid network rejections of important financial transactions.

“As the highest scoring Swift vendor partner certified in SwiftReady Messaging Data Services, we are uniquely qualified to assist users in linking more seamlessly to Swift,” says Vijay Oddiraju, CEO of Volante. “The Volante Validation Service has been thoroughly tested in customer environments to ensure messages are correct before release to the network. The Translation Service adds predefined support of a broad range of message types, with interoperability between MT and MX formats, and other major messaging standards.”

Functionally, the Volante services operate as a middleware refinement over Alliance Integrator, which provides integration services between the user’s back office applications and Alliance Access, Swift’s prime messaging interface. Volante’s enhanced user interface provides access to all features. Among the industry standards supported are BAI, BAI2, FIX, FPML and EDI, as well as all Swift formats.

“Volante clearly provides added value with its business-oriented interface and pre-packaged Swift functions,” says Eric Meirlaen, business development manager at Swift. “Users of Alliance Integrator gain the benefits of Volante’s traditional strength of simplicity and reusability in integration and message transformation, while addressing the important challenge of validating Swift messages to avoid failure of malformed payment orders.”

Volante is smoothly installed and configured over the Alliance Integrator, which provides an open SOA framework enabling partners to easily add software components that provides business and operational features to the financial workflow of Swift users. Partner add ons may range from message validation and transformation, to payment message verification against black lists (AML), and business activity monitoring (BAM).

“As we wanted to test the integration of third party components with Alliance Integrator, we turned to Volante, our SwiftReady certified partner. It took us only a few hours to connect the Volante solution to Integrator and run it without any problem, using standard web services” says Alex Coutsouradis, manager of Integration Services at Swift. “As always, Volante has come through with a robust and user-friendly solution to common challenges faced by firms that depend on the Swift network for mission critical business activities.”

Related content

WEBINAR

Recorded Webinar: Data Standards – progress and case studies

Global data standards and identifiers are essential to business growth, market stability and cost reduction – but they can be challenging to implement, while a lack of consistency across jurisdictions has presented obstacles to global take-up. However, with regulators starting to sit up and take note, the issue of data standards is coming increasingly to...

BLOG

ISO Standardises Process of Embedding LEIs in Digital Certificates

ISO has defined a standard approach for Certification Authorities to embed Legal Entity Identifiers (LEIs) within digital certificates. The move to simplify LEI integration paves the way for all digital certificates to be linked by a universal identifier to verified and regularly updated entity reference data, in a freely accessible repository, and also can contain the...

EVENT

Data Management Summit Virtual

The Data Management Summit Virtual will bring together the global data management community to share lessons learned, best practice guidance and latest innovations to emerge from the recent crisis. Join us online to hear from leading data practitioners and innovators from the UK, US and Europe who will share insights into how they are pushing the boundaries with data to deliver value with flexible but resilient data driven strategies.

GUIDE

Regulatory Data Handbook 2020/2021 – Eighth Edition

This eighth edition of A-Team Group’s Regulatory Data Handbook is a ‘must-have’ for capital markets participants during this period of unprecedented change. Available free of charge, it profiles every regulation that impacts capital markets data management practices giving you: A detailed overview of each regulation with key dates, data and data management implications, links to...