SWIFT has granted its first SWIFTNet Ready Funds label. It has gone to CSK for its “X-Gen” EAI product.
More than 20 third-party application providers are currently upgrading their products to support SWIFTNet Funds customers, and many are expected to apply for the new SWIFT label.
The SWIFTNet Ready label is based on a specific set of criteria to reflect the capability of a product to provide automation in a SWIFT environment in different categories. These criteria are SWIFT-specific and re-evaluated on a yearly basis.