The SWIFT Interface Module integrates with FedLink to provide Straight Through Processing (STP) of SWIFT messages through the Federal Reserve’s Fedwire system. The conversion and flow of messages is done without manual intervention, reducing manual work and service times.
The interface receives payment requests/advices received from SWIFT and from other external sources that generate SWIFT messages, and processes them as wire transfers. It also generates SWIFT messages for incoming wires received from the Federal Reserve.
1/13/2012
Ocean Systems addresses FFIEC Recommendations for Layered Based Fraud Control
In response to the FFIEC Addendum to the 2005 Guidelines on Security and Authentication, Ocean Systems offers a layered approach for controlling fraud, as recommended by the guidelines.
12/1/2011
Ocean Systems to Sponsor Upcoming FIBA AML Conference
Ocean Systems will again participate as a gold sponsor at the Florida International Banking Association's AML Conference.
11/21/2011
Activation by the Federal Reserve of the Fed Wire Format
Every one of Ocean Systems' US based installations was affected by the activation of the new Fed Wire format today.
