SDS Receives International Award for Banking Software GEOS

The Society for Worldwide Interbank Financial Telecommunication (S.W.I.F.T.) awarded Software Daten Service with the SWIFTReady Label, one of the highest awards for securities and derivatives processing in the financial industry worldwide. The banking software GEOS received this award due to its functional scope and the complexity of SWIFT messages, the connection to SWIFTNet and also due to customer satisfaction confirmed by SWIFT in an interview.

"We are glad to have a product like GEOS on the market that enables our common customers to realise efficient settlement in a complex environment. The implementation of SWIFT standards is uniform on the one hand, but can also be individualised in a highly performant solution on the other hand. This has been possible with quality certified by SWIFT for many years", Michael Formann, Head of SWIFT Austria, Region Austria/Central and Eastern Europe, congratulates the software house in Vienna.

The SWIFTReady Label for GEOS confirms that the Vienna-based subsidiary of T-Systems is one of the world's leading IT companies in the financial industry. "This high award emphasises what we stand for: highest efficiency in securities processing for our customers", says Dr. Helmut Saueregger, Managing Director of SDS. Due to the compliance with international standards GEOS offers banks a decisive competitive edge. "This proves we follow the right way with our forward-looking strategy", says a proud Helmut Saueregger.

For further information please visit our website at www.geos.biz or e-mail your queries to [e-mail].

Software Daten Service

SDS is a subsidiary of T-Systems and specialises in the development of banking software in the international securities processing arena. GEOS is a real-time STP solution for handling securities and derivatives transactions and features integrated front, middle and back-office functionality for the private and retail banking business of international financial services providers.