DATA Getronics Corporation, a leading payments and ICT
provider, and C24
Technologies, a leader in financial services messaging and
integration solutions, today announced a strategic OEM alliance to make
C24 Integration Objects (C24-iO) an add-on component to the NTT DATA
Getronics' financial message broker. Recent regulations including the
requirement to support the latest global standards in financial
communications have led to a mandate for financial firms worldwide to
update their banking and settlement platforms.
Modernising transaction banking systems with improved global standards
interoperability also provides a way to increase straight-through
processing (STP) rates and reduce the cost per transaction. Global
standards, such as ISO 20022, provide a common language for people and
computers to exchange financial information, leading to greater
interoperability and less ambiguity in a financial communication. By
enhancing the broker with C24 Integration Objects, banks will be able to
efficiently send and receive a complete set of up-to-date global
standards-compliant messages, and easily migrate from proprietary-based
domestic message formats.
The new solution will allow NTT DATA Getronics' customers to easily
comply with global standards market infrastructure requirements. Data
integration implementation time is estimated to be reduced by
approximately 50% using 24's pre-built and maintained standards
libraries and model-driven development tools in the broker.
In Japan, the global ISO 20022 message standard will be supported in
financial communications by the Japan Securities Depository Center
(JASDEC) in January 2014 and the new BOJ-NET in FY2015. NTT DATA
Getronics has already started constructing the solution to cope with the
XML messages (ISO 20022 included) which will be adopted by the new
C24 Integration Objects is a data modelling, meta-data management,
transformation and messaging integration toolkit with in-depth support
for over 40 industry standards. Initial support in the NTT DATA
Getronics' financial message broker will be provided for ISO 20022
messages followed by support for SWIFT, FIX and FpML messages in the
The NTT DATA Getronics' financial message broker offers all the features
needed to support global transaction banking operations. Financial
Message Broker Business Service, ESB Service and GUI Service will
include C24-iO as an optional format conversion engine component. In
addition to support for ISO 20022, SWIFT, FIX and FpML message types,
the messaging capabilities are enhanced to support thousands of
validation rules to ensure message validity, and the impact of financial
standards changes is minimized with timely product updates.
"We are very pleased to establish a business relationship with C24
Technologies, a recognized leader in financial messaging solutions,"
said Masashi Yanaka, Executive Vice President and Director, NTT DATA
Getronics. "By enhancing our financial message broker with C24
Technologies, we will provide our customers the best solutions to
strengthen their global settlement service and transaction business."
"Improving data interoperability and STP rates translates into faster
innovation and superior service," said Wayne Meikle, Commercial
Director, C24 Technologies. "We are extremely pleased to partner with
NTT DATA Getronics and provide their customers with best-in-class
financial standards messaging."
About NTT DATA Getronics Corporation
NTT DATA Getronics, a subsidiary of NTT DATA, offers IT solutions to
financial institutions and corporations, provides specialized expertise
as SWIFT Certified Specialists in Alliance Gateway and Alliance Access,
and is a CLS Registered Plus vendor. With more than 50 years of
engagement in the financial IT sector, NTT DATA Getronics provides a
comprehensive range of professional services, including business & IT
consulting, procurement, system integration, package implementation,
application development, maintenance and technical support.
About C24 Technologies
C24 Technologies is a software company specialising in financial
services messaging and integration solutions. Companies worldwide
significantly decrease the time and costs for integrating financial
standards and systems using C24's data interoperability tools and
pre-built standards libraries. Comprehensive support is provided for
over 40 industry standards including SWIFT MT-MX, ISO 20022, FpML, FIX
and SEPA. For more information or to download a free version of C24
Integration Objects visit www.c24.biz
or email firstname.lastname@example.org.
Follow C24 on Twitter: @C24io
[ Back To NFVZone's Homepage ]