Volant Technologies, a provider of what the firm describes as “platform-independent data management solutions” in the payments, corporate actions, market data and trade processing areas, says SWIFT has awarded it a SWIFTReady Messaging Library certification.
The SWIFTReady Messaging Library Label is a new category that SWIFT created this year based on the need to separate FIN messages from the middleware in Internet-based messaging.
Volante says that, as so-called service-oriented architectures (SOA) have increased in popularity, the demand to run FIN messages on application servers, an enterprise service bus, or as a library in a business application, has increased.
“We appreciate the enthusiasm, willingness and ability shown by Volant to quickly deliver SWIFT ready advanced technology to our clients,” says Olivier Roucloux, Industry Analyst at SWIFT. “This new label was created because modern application architectures decouple the messaging from the business application logic. This trend opens a major market need for integrating SWIFT as message libraries. We are very pleased to award the SWIFTReady Messaging library label 2006 to Volant Suite technology and look forward to exploring new opportunities together with our clients and all independent software providers that Volant will enable.”
“Working with Volant has been very rewarding as it has enabled us to embrace current data standards,” adds Gary Reinhart, Vice President, Product Management, GoldenSource Corporation. “Volant’s products have helped us reduce time to market for our 15022 corporate actions messaging and continue our leadership in securities modelling. As we grow our product suite, we will continue to work with Volant to enhance GoldenSource’s Enterprise Data Management (EDM) solutions. The use of standard messaging within our EDM products is essential and Volant allows us to easily maintain this.”
“Being awarded the SWIFTReady label by SWIFT is an official endorsement of what Volant’s customers are already experiencing on a daily basis; a robust platform independent data management solution with the flexibility to deploy on any middleware or in Services Oriented Architectures,” says Vijay Oddiraju, CEO, Volant Technologies, Inc. “Volant addresses the most important requirements of any operations person namely, speeding up the time it takes to put applications/products into production at a fraction of the cost of traditional methods”.
Founded in 2001, Volant Technologies, Inc. is based in New York. Customers include Brown Brothers Harriman, ICI/ADP and the Municipal Securities Rulemaking Board. Its partners include GoldenSource, IBM, Microsoft and Sun Microsystems.