International Bulletin
July 2006
Coming soon: SWIFT Standards update
We are pleased to announce that the initial release of TurboSwift to support the SWIFT Messaging Standards changes due in November 2006 will be released in the week commencing August 7, 2006, under the name TurboSwift 7.4.2. This will enable customers to test the changes long before the November cutover date, ensuring that all those using Message Types subject to change are secure in the knowledge that their business processes are not impacted at the time of cutover. This version will also incorporate TARGET2 readiness ahead of the European banking system’s switch to a unified Real Time Gross Settlement system in early 2007.
The full list of upcoming changes to the SWIFT Messaging Standards (24 pages) can be found on the Web in PDF format at: http://www.swift.com/index.cfm?item_id=57476.
TurboSwift 7.4.1 adds new features
A minor release of TurboSwift is now available for download from
BankServ’s FTP site (ftp://tsftp.bankserv.com).
This version includes the following new features:
Ability to run TurboConnect on a Citrix/Terminal Services
machine;
SWIFTNet Phase 2 Readiness
BankServ has received certification as an Interface Vendor for SWIFTNet Phase 2, which, among other things, will involve the replacement of the current Bilateral Key Exchange (BKE) protocol used in SWIFTNet FIN transactions. As part of this project, BankServ will be undertaking an Interface Qualification process with SWIFT and have two customers enrolled in the SWIFTNet Phase 2 Pilot Programme.
To support SWIFTNet Phase 2, there will be a major new release of TurboSwift and TurboGateway and a new product, TurboRMA, that will link dynamically to TurboSwift to provide the new Relationship Management Application (RMA) functionality. The new software is tentatively scheduled for release in November.