Welcome!

News Feed Item

NTT DATA Getronics and C24 Technologies Form an OEM Alliance for Global Financial Standards Messaging

NTT DATA Getronics Corporation, a leading payments and ICT provider, and C24 Technologies, a leader in financial services messaging and integration solutions, today announced a strategic OEM alliance to make C24 Integration Objects (C24-iO) an add-on component to the NTT DATA Getronics’ financial message broker. Recent regulations including the requirement to support the latest global standards in financial communications have led to a mandate for financial firms worldwide to update their banking and settlement platforms.

Modernising transaction banking systems with improved global standards interoperability also provides a way to increase straight-through processing (STP) rates and reduce the cost per transaction. Global standards, such as ISO 20022, provide a common language for people and computers to exchange financial information, leading to greater interoperability and less ambiguity in a financial communication. By enhancing the broker with C24 Integration Objects, banks will be able to efficiently send and receive a complete set of up-to-date global standards-compliant messages, and easily migrate from proprietary-based domestic message formats.

The new solution will allow NTT DATA Getronics’ customers to easily comply with global standards market infrastructure requirements. Data integration implementation time is estimated to be reduced by approximately 50% using C24’s pre-built and maintained standards libraries and model-driven development tools in the broker.

In Japan, the global ISO 20022 message standard will be supported in financial communications by the Japan Securities Depository Center (JASDEC) in January 2014 and the new BOJ-NET in FY2015. NTT DATA Getronics has already started constructing the solution to cope with the XML messages (ISO 20022 included) which will be adopted by the new BOJ-NET.

C24 Integration Objects is a data modelling, meta-data management, transformation and messaging integration toolkit with in-depth support for over 40 industry standards. Initial support in the NTT DATA Getronics’ financial message broker will be provided for ISO 20022 messages followed by support for SWIFT, FIX and FpML messages in the near future.

The NTT DATA Getronics’ financial message broker offers all the features needed to support global transaction banking operations. Financial Message Broker Business Service, ESB Service and GUI Service will include C24-iO as an optional format conversion engine component. In addition to support for ISO 20022, SWIFT, FIX and FpML message types, the messaging capabilities are enhanced to support thousands of validation rules to ensure message validity, and the impact of financial standards changes is minimized with timely product updates.

“We are very pleased to establish a business relationship with C24 Technologies, a recognized leader in financial messaging solutions,” said Masashi Yanaka, Executive Vice President and Director, NTT DATA Getronics. “By enhancing our financial message broker with C24 Technologies, we will provide our customers the best solutions to strengthen their global settlement service and transaction business.”

“Improving data interoperability and STP rates translates into faster innovation and superior service,” said Wayne Meikle, Commercial Director, C24 Technologies. “We are extremely pleased to partner with NTT DATA Getronics and provide their customers with best-in-class financial standards messaging.”

About NTT DATA Getronics Corporation

NTT DATA Getronics, a subsidiary of NTT DATA, offers IT solutions to financial institutions and corporations, provides specialized expertise as SWIFT Certified Specialists in Alliance Gateway and Alliance Access, and is a CLS Registered Plus vendor. With more than 50 years of engagement in the financial IT sector, NTT DATA Getronics provides a comprehensive range of professional services, including business & IT consulting, procurement, system integration, package implementation, application development, maintenance and technical support.

About C24 Technologies

C24 Technologies is a software company specialising in financial services messaging and integration solutions. Companies worldwide significantly decrease the time and costs for integrating financial standards and systems using C24’s data interoperability tools and pre-built standards libraries. Comprehensive support is provided for over 40 industry standards including SWIFT MT-MX, ISO 20022, FpML, FIX and SEPA. For more information or to download a free version of C24 Integration Objects visit www.c24.biz or email [email protected].

Follow C24 on Twitter: @C24io

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
High-velocity engineering teams are applying not only continuous delivery processes, but also lessons in experimentation from established leaders like Amazon, Netflix, and Facebook. These companies have made experimentation a foundation for their release processes, allowing them to try out major feature releases and redesigns within smaller groups before making them broadly available. In his session at 21st Cloud Expo, Brian Lucas, Senior Staff Engineer at Optimizely, will discuss how by using...
In this strange new world where more and more power is drawn from business technology, companies are effectively straddling two paths on the road to innovation and transformation into digital enterprises. The first path is the heritage trail – with “legacy” technology forming the background. Here, extant technologies are transformed by core IT teams to provide more API-driven approaches. Legacy systems can restrict companies that are transitioning into digital enterprises. To truly become a lead...
DevOps at Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to w...
SYS-CON Events announced today that CAST Software will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CAST was founded more than 25 years ago to make the invisible visible. Built around the idea that even the best analytics on the market still leave blind spots for technical teams looking to deliver better software and prevent outages, CAST provides the software intelligence that matter ...
SYS-CON Events announced today that Daiya Industry will exhibit at the Japanese Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Ruby Development Inc. builds new services in short period of time and provides a continuous support of those services based on Ruby on Rails. For more information, please visit https://github.com/RubyDevInc.
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busine...
Is advanced scheduling in Kubernetes achievable? Yes, however, how do you properly accommodate every real-life scenario that a Kubernetes user might encounter? How do you leverage advanced scheduling techniques to shape and describe each scenario in easy-to-use rules and configurations? In his session at @DevOpsSummit at 21st Cloud Expo, Oleg Chunikhin, CTO at Kublr, will answer these questions and demonstrate techniques for implementing advanced scheduling. For example, using spot instances ...
As businesses evolve, they need technology that is simple to help them succeed today and flexible enough to help them build for tomorrow. Chrome is fit for the workplace of the future — providing a secure, consistent user experience across a range of devices that can be used anywhere. In her session at 21st Cloud Expo, Vidya Nagarajan, a Senior Product Manager at Google, will take a look at various options as to how ChromeOS can be leveraged to interact with people on the devices, and formats th...
First generation hyperconverged solutions have taken the data center by storm, rapidly proliferating in pockets everywhere to provide further consolidation of floor space and workloads. These first generation solutions are not without challenges, however. In his session at 21st Cloud Expo, Wes Talbert, a Principal Architect and results-driven enterprise sales leader at NetApp, will discuss how the HCI solution of tomorrow will integrate with the public cloud to deliver a quality hybrid cloud e...
SYS-CON Events announced today that Yuasa System will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Yuasa System is introducing a multi-purpose endurance testing system for flexible displays, OLED devices, flexible substrates, flat cables, and films in smartphones, wearables, automobiles, and healthcare.
DevOps is under attack because developers don’t want to mess with infrastructure. They will happily own their code into production, but want to use platforms instead of raw automation. That’s changing the landscape that we understand as DevOps with both architecture concepts (CloudNative) and process redefinition (SRE). Rob Hirschfeld’s recent work in Kubernetes operations has led to the conclusion that containers and related platforms have changed the way we should be thinking about DevOps and...
SYS-CON Events announced today that Taica will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Taica manufacturers Alpha-GEL brand silicone components and materials, which maintain outstanding performance over a wide temperature range -40C to +200C. For more information, visit http://www.taica.co.jp/english/.
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busine...
SYS-CON Events announced today that SourceForge has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. SourceForge is the largest, most trusted destination for Open Source Software development, collaboration, discovery and download on the web serving over 32 million viewers, 150 million downloads and over 460,000 active development projects each and every month.
SYS-CON Events announced today that Nihon Micron will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Nihon Micron Co., Ltd. strives for technological innovation to establish high-density, high-precision processing technology for providing printed circuit board and metal mount RFID tags used for communication devices. For more inf...