-Platform to extend reach to global financial institutions-
Sybase today announced plans to release an adapter for the
S.W.I.F.T. (Society for Worldwide Interbank Financial
Telecommunication) financial messaging protocol for users of
Sybase Financial Server, a distributed platform for banking
and trading applications development and deployment.
The initial release of S.W.I.F.T. in Sybase Financial Server
will be targeted at the securities industry and will
implement the Category 5 (ISO 15022) message family and
related messages. This will enable global securities firms
to deliver new applications to manage trade orders,
allocations and settlement instructions. An early 2000
release will implement the complete S.W.I.F.T. messaging
Sybase Financial Server, the first industry-specific
application server for securities trading and electronic
banking, is a complete development and deployment
infrastructure for banks and securities firms to deliver
leading-edge applications to their customers quickly and at
low cost. Sybase Financial Server allows financial services
firms to streamline online transactions such as securities
trading, online banking, bill payment, trade order
management and straight through processing.
"Support for the S.W.I.F.T. protocol within Sybase Financial
Server will provide us with a strategic advantage because we
can help our customers streamline their trading activity,"
said Rolf Lueders, project manager for Deutsche Bank. "We
are excited to share this enhancement from Sybase with our
existing and potential customer base.
"The inclusion of a S.W.I.F.T. adapter for users of Sybase
Financial Server further extends Sybase's capabilities and
value within the financial services industry," said Michon
Schenck, vice president and general manager of Sybase
Financial Services Worldwide. "The universality of the
S.W.I.F.T. protocol opens up the global securities
processing market for Sybase Financial Server."
Version 1.0 of Sybase Financial Server, released in June
1999, included support for the Financial Information
eXchange (FIX), the messaging standard for the real-time
electronic exchange of securities, and the Open Financial
eXchange (OFX), the industry protocol which enables
Internet-based transactions between banks and their consumer
and small business customers. Support for additional
messaging protocols is planned for future releases.
S.W.I.F.T. integration is expected to be generally available
in early December 1999
About Sybase, Inc.
Headquartered in Emeryville, CA, Sybase, Inc. is one of the
largest global independent software companies. The company
helps businesses integrate, manage and deliver applications,
content and data anywhere they are needed. Sybase's
products, combined with its world-class professional
services and partner technologies, provide a comprehensive
platform for delivering the integrated solutions businesses
need to be successful. Leveraging its existing strengths in
enterprise data management and enterprise application
development, Sybase, Inc. is focused on delivering
end-to-end solutions for mobile and embedded computing, data
warehousing, and Web computing environments. Sybase
customers represent the industries leading the global
economy, with strong concentrations in financial services,
public sector, telecommunications and media, and health
care. The company's Web address is http://www.sybase.com.
S.W.I.F.T. provides cohesive, technology-based communication
services across financial markets worldwide. More than 6,500
financial institutions in 178 countries connect to the
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