04 September 2015

Fundtech grows Swift corporate client list

24 September 2012  |  1621 views  |  0 Source: Fundtech

Fundtech, a market leader in global transaction banking solutions, today announced that US-based Walter Energy, Inc. has become the company's 75th SWIFT for Corporates client. Fundtech's corporate client list has grown 50 percent over the past year.

Walter Energy is a leading metallurgical coal producer for the global steel industry with operations in the United States, Canada and United Kingdom. As part of its international expansion, Walter Energy added several multi-country banking relationships, and as a result, requires a seamless and simplified method of connecting to these banks in order to transfer funds and obtain balance information.

Walter Energy's SWIFT connection through Fundtech's Service Bureau provides these benefits, helping to reduce operating costs and improve cash flow forecasting. By using SWIFT messaging standards Walter Energy will have a consolidated bank communications channel that integrates with its ERP and treasury management systems.

Fundtech and its subsidiary BBP operate the world's largest global SWIFT service bureau with over 600 financial institutions connected through three services centers located in the United States, United Kingdom, and Switzerland. Value-added services include: transaction filtering for sanctioned parties, data transformation, reconciliation, and archiving.

"We are delighted to welcome Walter Energy as our newest corporate client. Our rapid growth is market validation of our commitment to reliable quality service and innovation. Our global presence and experience provides a strong foundation for future growth," said Mary Ellen Putnam, Fundtech's Executive Vice President of Banking Products - Americas.

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Related blogs

Create a blog about this story (membership required)

Related company news

 


Your browser is unable to support Flash files.

Top topics

Most viewed Most shared
Third of Brits expect day-to-day mobile pa...
8309 views comments | 38 tweets | 15 linkedin
Payments UK sets out vision for 'world cla...
6869 views comments | 17 tweets | 10 linkedin
Swedish mPOS firm iZettle raises EUR60m fo...
6190 views comments | 13 tweets | 8 linkedin
HSBC glitch leaves thousands of customers...
6114 views comments | 13 tweets | 7 linkedin
UK boosts contactless limit to £30
5632 views comments | 31 tweets | 20 linkedin

Featured job

to £90K base, double OTE, share options
London, UK

Find your next job