Finastra achieves SWIFT Certified Application label 2019 for payments solution

Finastra announced today that Fusion PAYplus Financial Transaction System (FTS), its payment processing and messaging application for the European market, has achieved the SWIFT Certified Application label for a seventh consecutive year. The label demonstrates the solution’s strong capabilities to align to complex SWIFT Standards. Finastra is currently one of only five providers to have received this label globally.

Kurt Ryelandt, Customer Services Director at SWIFT said, “The SWIFT Certified program provides application providers with the opportunity to test their applications for compatibility and interoperability with SWIFT’s messaging and connectivity requirements. Earning this label is evidence that Fusion PAYplus FTS adheres to the specified criteria for SWIFT FIN (MT) messages, SWIFT connectivity, and SWIFT interoperability. The SWIFT Certified program aims to ensure that RTGS application providers meet well-defined requirements around SWIFT standards, messaging and connectivity.”

Thomas Litzinger, Manager, Technical Implementation at Finastra said, “European banks face many challenges including navigating instant real-time payments and the rise of domestic immediate payments schemes, in multiple currencies, across many different borders, in a highly regulated market. We’re delighted to earn this label, which signals to our customers that our European payment processing solution meets SWIFT’s criteria for compatibility and interoperability with SWIFT’s FIN messaging service.”

Author: Yash Hirani

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