Wednesday, 17 September 2008

Software AG & SYRACOM Unveil PINQ

Software AG and SYRACOM AG, a business and IT consultancy, have introduced a new solution for automating exception and investigation management of SWIFT-based transactions. S

SWIFT (the Society for Worldwide Interbank Financial Telecommunication) is a member-owned cooperative known principally as a provider of secure, high-speed messaging between member organizations.

The new solution, PINQ (Process INQuiries Management System), brings together a SWIFT-certified enterprise service bus (ESB) with advanced business process management (BPM) and business rules management (BRM), claimed Software AG.

Key components of the PINQ solution include the webMethods ESB, standards-based enterprise service bus solution and webMethods BPMS, Software AG’s award-winning process design, management, execution and monitoring solution. The PINQ solution also capitalizes upon the best practices established by SYRACOM in engagements with a number of leading financial services institutions.

“We’ve maximized time-to-value by embedding critical business rules and process templates within a SWIFT-based solution that can be implemented quickly and easily maintained. As a standards-based, platform independent solution, it can also be easily configured to meet a number of bank-specific requirements,” said Rainer Schnell, Product Manager PINQ, SYRACOM AG.