PR.com: Business Directory, Press Releases, Jobs, Products, Services, Articles
 
Businesses Articles Press Releases Follow @PRcom
Press Release Pricing | News by Category | News by Country | News by US Region | Recent News | PR.com News on Your Site
 

Press Releases

 
Grid-Tools Ltd

Press Release


Receive press releases from Grid-Tools Ltd: By Email RSS Feeds:

Grid-Tools Ensure a SWIFT Route to Success for Banks and Financial Institutions as Global Payment Systems Change


Grid-Tools ensure a SWIFT route to success for banks and financial institutions as global payment systems change.

Oxford, United Kingdom, December 06, 2011 --(PR.com)-- Grid-Tools Limited, the leading vendor of test data management software and solutions, has pioneered an advanced functionality route for testing SWIFT messages, the vital data sequences passed between banks and financial organisations around the world to allow payments to be processed.

The new functionality has been developed to meet the needs of banks and financial services organisations, some of which have been long-standing customers of Grid-Tools. “With compliance regulations and application environments becoming ever more complex, we understand that testing methods now require a more strategic assessment in order to de-risk and speed-up the application development and systems deployment,” said Huw Price, Managing Director of Grid-Tools.

“By developing this functionality to sit within Datamaker, it is now possible to thoroughly test SWIFT messages and reduce the risk of failed or wrongly processed inter-bank payments.”

What is revolutionary about the functionality is that it provides a solution to the potential complexity of testing. Message formats can vary by local and national convention and in many cases do not conform to any known standard and so, as an example, a simple 103 transaction has more than 2,417,851,639,229,258,300,000,000 possible potential combinations that would theoretically need to be tested.

Using the power of logical modelling and data generation offered by Grid-Tools’ award-winning Datamaker, this has been reduced to a pack of 108 messages. Running these messages through test systems now provides a more rigorous approach to testing.

“It is a myth that testing a large quantity of production data translates into better data,” explains Huw Price, “as it fails to provide a solution for the testing of extreme events which may not have presented themselves in the past. The key success factor for ensuring application stability is testing the data against all possible variations and the creation of better coverage maps.”

The Datamaker test data management suite analyses the spread of messages and provides optimum coverage among existing data. “We know that modifications and upgrades to global payment systems require thorough testing to ensure that SWIFT messages carry the right format required by the application to process payments,” Huw Price continues, “and so the functionality we’ve developed ensures better quality of testing and in doing so will help accelerate the deployment of applications.”

In the fast moving environment of data-driven global transactions, the development and improvement of systems will prove vital as organisations strive to keep pace with change.

About Grid Tools Limited
Visionary and innovative, Grid-Tools has developed test data management strategies for some of the largest international organizations and its experienced personnel have been writing and developing solutions for companies in both the private and public sectors for nearly 30 years.

Specializing in test data generation, data masking and test data management solutions and tools, Grid-Tools has re-defined how organizations go about provisioning secure, high quality data for testing and development.

The Grid-Tools Datamaker suite includes a wide range of tools and solutions for complete test data management. Its signature solution, Datamaker, creates and publishes test data with the referential and business integrity of production environments for testing and development.

Grid-Tools Contacts:
Ivanka Vankova
Head of Marketing and PR
Grid-Tools Ltd
11 Oasis Business Park
Eynsham
Oxfordshire
OX29 4TP
+44(0) 1865 885 600
marketing@grid-tools.com
www.grid-tools.com

###
Contact Information
Grid-Tools Ltd
Jo Wright
+44(0) 1865 884600
Contact
www.grid-tools.com
Twitter: @GridTools
Facebook: Grid-Tools Datamaker

Click here to view the list of recent Press Releases from Grid-Tools Ltd
Promote Your Business