SDS Receives International Award for Banking Software GEOS
19 August 2010 - 7:00PM
Business Wire
The Society for Worldwide Interbank Financial Telecommunication
(S.W.I.F.T.) awarded Software Daten Service with the SWIFTReady
Label, one of the highest awards for securities and derivatives
processing in the financial industry worldwide. The banking
software GEOS received this award due to its functional scope and
the complexity of SWIFT messages, the connection to SWIFTNet and
also due to customer satisfaction confirmed by SWIFT in an
interview.
"We are glad to have a product like GEOS on the market that
enables our common customers to realise efficient settlement in a
complex environment. The implementation of SWIFT standards is
uniform on the one hand, but can also be individualised in a highly
performant solution on the other hand. This has been possible with
quality certified by SWIFT for many years", Michael Formann, Head
of SWIFT Austria, Region Austria/Central and Eastern Europe,
congratulates the software house in Vienna.
The SWIFTReady Label for GEOS confirms that the Vienna-based
subsidiary of T-Systems is one of the world's leading IT companies
in the financial industry. "This high award emphasises what we
stand for: highest efficiency in securities processing for our
customers", says Dr. Helmut Saueregger, Managing Director of SDS.
Due to the compliance with international standards GEOS offers
banks a decisive competitive edge. "This proves we follow the right
way with our forward-looking strategy", says a proud Helmut
Saueregger.
For further information please visit our website at www.geos.biz
or e-mail your queries to presse@geos.biz.
Software Daten Service
SDS is a subsidiary of T-Systems and specialises in the
development of banking software in the international securities
processing arena. GEOS is a real-time STP solution for handling
securities and derivatives transactions and features integrated
front, middle and back-office functionality for the private and
retail banking business of international financial services
providers.
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