Business integration specialist Mercator Software is taking on a series of projects with Asian financial institutions that are migrating to a new global messaging standard this year.
This marks a return to form for the once-troubled company and is expected to put its regional expansion plans on track.
Nathan Bray, Mercator's general manager for Australia and New Zealand, said: 'We're currently in the middle of various projects worldwide that deal with seamlessly integrating the back-office settlement systems of financial institutions to the new Swift standard.'
Swift is the Society for Worldwide Interbank Financial Telecommunications, an industry-owned co-operative supplying secure messaging services and interface software to more than 7,000 institutions in 196 countries.
Member-financial institutions which handle their securities messages through the Swift network are required to make their settlement systems compliant with the new ISO 15022 messaging standard. They need to be able to send as well as receive this message format by November this year.
The Connecticut-based Mercator's namesake business integration products are used to link enterprises' software applications, databases, mainframes and data warehouses. That allows firms from various industries to exchange electronic data internally, as well as with customers, suppliers and business partners.