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FactSheet XGen For SWIFT en

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The Business Process Engine

Fact Sheet

X-Gen for SWIFT: The enterprise channel to SWIFTNet


New SWIFTNet services are changing everything
Sweeping changes in new SWIFT services have opened opportunity for businesses to make a qualitative leap forward in both service efficiency and service effectiveness for their clients and their own profitability. Compliance to Real-Time Cash Reporting, E&I, SWIFTNet Funds, SEPA, connectivity gateways SAA and SAG, protocols InterAct and FileAct, old Standards FIN and ISO20022 XML are driving demand for one over-arching solution incorporating SWIFT and non-SWIFT processes. You need a solution that simplifies SWIFTNet complexity, freeing businesses to focus on implementing and harvesting new SWIFTNet service opportunities.
New SWIFTNet services, standards and connectivity options require a new solution to decrease complexity and increase profitability.

SWIFT gold labeled solution: X-Gen


One of the few solutions developed specially for SWIFTNet is the Business Process Engine X-Gen, certified SWIFT Ready Gold Label for Financial EAI. X-Gen provides powerful legacy connectivity, message format handling, business transformation and validation, surrounded by a built-in workflow engine and web based intervention portal. Fully XML based, X-Gen is 100% SWIFT ISO20022 XML compliant the ideal application for end-to-end STP projects.

SWIFT and STP


All STP requires process design; SWIFT standards are designed to run as business processes. To execute these processes, more than simple interfacing and transformation tools are required. A powerful workflow engine to define and control STP processes with all their unique characteristics and exceptions is required. STP means accepting your business reality. Not all processes can fully run in STP mode. When information is missing or incorrect, manual intervention applies. Web based message display, message entry and message repair functions are essential for SWIFT STP. SWIFT messages may be technically correct, but impossible to process due to semantics. X-Gen contains critical exception handling functionality logically integrated within its workflow design and validation rules engine.
3rd Party SWIFT Interface SWIFT Alliance Access
MQSA AFT MQHA RAHA

FIN InterAct FileAct ISO20022 XML SWIFT Alliance Gateway File

SWIFTNet compliance
X-Gen supports all new SWIFT standards and connectivity options: FIN (including ISO15022) standards for Payments and Securities Messaging ISO20022 XML based messaging standards for new business Management and Exceptions & Investigations

MQHA Workflow Mapping Legacy Format

AFT FIN

MQHA

RAHA

File

Validation Routing Legacy Format

ISO20022 Legacy Format

Application

Application

Application

solutions e.g. RealTime Account Information, Funds Distribution, SEPA, Target2, Cash

S w i s s r i sk Financial Systems Frankfurt London Luxembourg Madrid

Interface products such as SAA, SAG and 3rd Party Vendors Interface protocols: MQSA, MQHA, RAHA and File based message transfer Messaging protocols: InterAct RealTime, InterAct StoreAndForward and FileAct

Implementation is the documentation


Documentation generation times can be drastically shortened because the graphical rule design can be applied to documentation. Users can add comments and graphical items to the rules, assured that X-Gens backend engine will separate real code from comments.

Business Monitoring with X-Gen


Efficient end-to-end STP requires an intuitive controller dashboard. Have you ever heard? I want to see all pending transactions for a client. X-Gen workflow generates complete audit trail allowing users to log the history of workflow and any business data which is relevant in the workflow. Users query the system using Web-Edit, the web-based portal front end of X-Gen, to retrieve, enter, approve and repair business objects. A role-based permission system restricts and distributes specific activities to specific users, i.e. only relevant activities for their business are visible.

100% Graphical Rule Design


Efficient processes require efficient designer tools. X-Gen ships with full graphical rule designer for development of workflows, transformations, data objects and presentation masks. This results in faster time to market with fewer errors. Also a graphical debugger allows users to overlay the rule presentation with real operational values of data objects. Users quickly locate errors or misconfigurations within error tracking processes.

The ideal partner for successful SWIFT STP implementation


SWIFT business applications and implementations are a specialized service branch, even among global financial service providers. Without a deep understanding of the business processes behind it, technical IT skills and armies of consultants are not enough to ensure project success. Swissrisk Financial Systems began implementing SWIFT STP projects over 10 years ago and has been a registered SWIFT Solution Provider since 1999. Put our solution and professional experience to work for your global, regional or local STP projects.

About Swissrisk Financial Systems


Swissrisk Financial Systems is a SWIFT Solution Partner awarded the following labels: SWIFTReady Gold (Financial E&I) SWIFTReady Gold (Funds) SWIFTReady Gold (Cash Reporting Provider) SWIFTReady Gold (Cash Reporting User) SWIFT Alliance Access Plug-In (held jointly with Cellent AG) Swissrisk Financial Systems is an active and valued member of the SWIFT Partner Advisors for Standards Automation group (SPASA).
www.sr-financial-systems.com Page 2/2
Funds 2010

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