The SWIFT SR2019 Validator, developed by Volante Technologies, is a cloud-based financial message validation service designed to assist institutions in testing and validating their SWIFT Standards Release 2019 messages prior to the official implementation date. Available as an Amazon Machine Image on the AWS Marketplace, this service offers a scalable and cost-effective solution for ensuring compliance with the latest SWIFT standards.
Key Features and Functionality:
- Comprehensive Validation: The service not only identifies valid and invalid messages but also provides detailed error reports, highlighting specific issues encountered during validation.
- API Integration: Equipped with APIs, the validator seamlessly integrates with existing applications, facilitating automated message validation processes.
- Flexible Deployment: Users can deploy the validation service within their dedicated hosting environments, ensuring enhanced security and complete control over the validation process.
- Cost-Effective Pricing: The service operates on an hourly usage model, providing an affordable and scalable solution without the constraints of message count or data usage fees.
Primary Value and User Benefits:
The SWIFT SR2019 Validator addresses the critical need for financial institutions to comply with the latest SWIFT standards efficiently. By offering detailed error reporting, it reduces the frequency and severity of formatting errors, thereby minimizing the risk of message rejections. This leads to increased straight-through processing rates, enhanced operational efficiency, and reduced costs associated with financial messaging operations. Furthermore, its cloud-based deployment ensures rapid scalability and flexibility, aligning with the industry's shift towards cloud-first strategies.
