Volante Announces SWIFTReady Solution for MT-MX Coexistence of SWIFT Messages


NEW YORK, April 8 /PRNewswire/ --

- Enables immediate support for ISO 20022 standards with no impact to 
current SWIFT applications

Volante Technologies, Inc., provider of accelerated data management
solutions to the financial industry, today introduced the Volante MT-MX
translation solution for SWIFT messaging. Designed to support SWIFT FIN users
in their transition to ISO 20022 standards, Volante MT-MX provides automated
translation of any message type between the two formats until internal
operations are converted to the new MX format.

Volante MT-MX is being demonstrated at the Volante exhibit at the SWIFT
Operations Forum Americas 2008, April 8 and 9, in New York.

"Too often, adoption of new standards, such as the shift from SWIFT MT to
MX messages, lag because of the daunting chores of changing legacy systems to
support the new formats," said Adam Honore, a Senior Analyst at the research
and advisory firm Aite Group. "With the XML advantages associated with MX
messages, it makes sense to have a coexistence strategy that enables
immediate MX adoption for transmissions, but MT-MX translations to meet the
requirements of legacy systems. This buys time for the enterprise to catch
up, while encouraging faster implementation in critical areas."

With out-of-the-box support for bi-directional translations (MT to MX and
MX to MT), the Volante solution enables users to take immediate advantage of
the benefits of the new XML-based standard, while they continue to use
existing MT-oriented applications and processes. Features of Volante MT-MX
include the following:

-- SWIFTReady certified message library
    -- Predefined MT and MX messages for all categories with message format
       validation rules
    -- Translations implemented at the dictionary level for all business
       elements
    -- Reusable translations across multiple messages
    -- Ability to customize message translations if needed to support
       business specific requirements



"With our strong track record as a SWIFT Gold certified provider of
message integration solutions, we are pleased to deliver an MT-MX coexistence
solution that supports and will continue to support all message types and
formats as they evolve through this transition," said Vijay Oddiraju, CEO of
Volante. "We are committed to supporting the SWIFT community in implementing
standards efficiently and quickly."

More than 50 financial institutions and utilities currently use Volante
solutions to build, test and integrate SWIFT messages in all supported
formats including MT, MX and FpML. As with all Volante data management
solutions, Volante MT-MX also provides easy integration with existing
systems, and works in any software, network or platform environment.

About Volante

Since 2001, Volante Technologies has been accelerating data management
for the financial services industry, while slashing development time and cost
of ownership. Volante provides integration solutions for low-latency
environments, service oriented architectures, vendor data consolidation,
complex event processing, SWIFT message integration and other complex data
challenges. Its metadata-based technology also enables enterprise data
governance and model-driven data initiatives.

Volante solutions are employed by buy-side and sell-side institutions
around the globe, as well as industry utilities, including Brown Brothers
Harriman, The Municipal Securities Rulemaking Board, and Broadridge. For more
information, visit http://www.volantetech.com.

Media Contact:
    Kathleen Hawk
    1-845-687-2222
    kathleen@volantetech.com



Web site: http://www.volantetech.com

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