Grid-Tools Ensure a SWIFT Route to Success for Banks and Financial Institutions as Global Payment Systems Change

General News

Summary

Oxford, United Kingdom, December 06, 2011 --( The new functionality has been developed to meet the needs of banks and financial services organisations, some of which have been long-standing customers of Grid-Tools.Message formats can vary by local and national convention and in many cases do not conform to any known standard and so, as an example, a simple 103 transaction has more than 2,417,851,639,229,258,300,000,000 possible potential combinations that would theoretically need to be tested.“We know that modifications and upgrades to global payment systems require thorough testing to ensure that SWIFT messages carry the right format required by the application to process payments,” Huw Price continues, “and so the functionality we’ve developed ensures better quality of testing and in doing so will help accelerate the deployment of applications.” In the fast moving environment of data-driven global transactions, the development and improvement of systems will prove vital as organisations strive to keep pace with change.The Grid-Tools Datamaker suite includes a wide range of tools and solutions for complete test data management.Grid-Tools Contacts: Ivanka Vankova Head of Marketing and PR Grid-Tools Ltd 11 Oasis Business Park Eynsham Oxfordshire OX29 4TP +44(0) 1865 885 600 marketing@grid-tools.com www.grid-tools.com ### Oxford, United Kingdom, December 06, 2011 --( PR.com )-- Grid-Tools Limited, the leading vendor of test data management software and solutions, has pioneered an advanced functionality route for testing SWIFT messages, the vital data sequences passed between banks and financial organisations around the world to allow payments to be processed.The new functionality has been developed to meet the needs of banks and financial services organisations, some of which have been long-standing customers of Grid-Tools.

Classifications

industries
Fintech & Banking
applications
Accounting and Taxes

AskAI Classifications

Labels
No AI classifications detected

Linked Companies

Grid-Tools
$1M to $5M