Fiorano Software in partner programme launch

|

Valentina Vitali
Valentina Vitali
FXC Intelligence Research Analyst
Valentina is a Research Analyst at FXC Intelligence, the data sister company of FXcompared. Valentina is passionate about payments and fintech. Valentin enjoys analysing money transfer companies and… Read more
  • Fiorano Software, which offers enterprise-level banking technology, has announced that it will offer a partner programme ahead of the arrival of ISO 20022, which is happening in the coming years.
  • The target market of the new programme will be the independent software vendor group.
  • A senior figure at Fiorano Software said that it recognised that vendors of this kind were often given the responsibility of checking that the systems in place were compliant – and that its product was also already approved by SWIFT.

A major provider of enterprise software has announced that it will offer a partnerships programme for its software ahead of a major cross-border payments standards update.

Fiorano Software, which offers software-based services to banks and other enterprise-level providers, is currently offering the Fiorano ISO 20022 Accelerator.

This tool is known as a canonical translation tool, which means that it can easily move the technical side of banking systems from the old level of requirements to the new.

It is designed to ensure that systems offered by financial services providers are compliant with the ISO 20022 standard for cross-border payments.

SWIFT, the international payments messaging service, has said that it wants banks that are part of its network to be adhering to this standard by late next year.

According to Fiorano Software’s announcement, it has now launched a partner programme.

This partner programme is designed to appeal to independent software vendors (ISVs) that distribute software solutions in specific niches.

In a statement, a leading figure at the firm said that the company was aware that ISVs were often told by their financial services clients that they were responsible for compliance with standards such as ISO 20022.

Biju Suresh Babu, who is managing director for banking and financial services at Fiorano Software, said that his company’s offer had been given the green light by SWIFT.

“There are multiple ISV products in the banking world that are expected to comply with CBPR+ and other ISO 20022 scheme specifications, and often financial institutions pass the burden of compliance back to their ISVs,” he said.

“Fiorano ISO 20022 Accelerator (FIA) is already a listed CBPR+ ready vendor solution by SWIFT and can offer instant compliance in a non-disruptive manner.”

Fiorano Software was first set up in 1995 and has since gone on to become a noted provider of hybrid integration systems.

The firm also offers application programming interface (API) technology to financial services institutions and others.

It aims to ensure that financial services systems are interoperable, and that they deliver profits for their users.

A wide range of companies are already on Fiorano’s client books, including AT&T Wireless, Commercial Bank of Africa, NASA, Bank of Kigali, and several others.

Are you in the market for an online money transfer? Don’t forget to check out our reviews pages, as they are ideal for helping you work out which international money transfer providers can give you the best deal – and the best and most useful features.


Most Read

Use Our Currency Comparison Tool

Results are ranked in order of the best overall deal, taking into account transfer times, rates, fees, and customer service.

Editor's Choice

FXcompared.com is an fx money comparison site for international money transfer and to compare rates from currency brokers for sending money abroad. The website and the information provided is for informational purposes only and does not constitute an offer, solicitation or advice on any financial service or transaction. None of the information presented is intended to form the basis for any investment decision, and no specific recommendations are intended.  FXC Group Ltd and FX Compared Ltd does not provide any guarantees of any data from third parties listed on this website. FX compared Ltd expressly disclaims any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from (i) any error, omission or inaccuracy in any such information or (ii) any action resulting therefrom.