04 September 2015

Swift taps SmartStream for Accord Matching overhaul

29 October 2012  |  6652 views  |  1 Swift logo web screen shot

Financial messaging network Swift has enlisted SmartStream Technologies for an overhaul of its Accord confirmation matching engine.

SmartStream will provide a number of underlying components of the updated platform, including elements of its Transaction Lifecycle Management suite.

The revamped system, set to launch in early 2014, will give customers a level of personalisation previously only available with onsite systems, claims the vendor.

The platform will also support all commonly traded instruments, allow for the rapid addition of new asset classes, and provide value added features such as an affirmation model as well as fax and e-mail processing.

Javier Perez-Tasso, head, marketing, Swift, says that regulatory pressure and the increasing complexity of traded instruments means that post-trade processing is once again a top priority.

"We are delighted to work with SmartStream to deliver a cloud-based solution that will reduce the cost per trade, through a significant increase in operator efficiency," he adds.

Comments: (1)

A Finextra member | 29 October, 2012, 10:26

Now were cooking on gas. This is a perfect move by SWIFT and the SmartStream technology just right in moving Post Trade matching and other services into the offices of i expect many more new clients. This is now looking like a great alternative to OMGEO and other post trade matching firms

1 thumb up! 1 thumb up! (Log in to thumb up)
Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

24 October, 2012
23 October, 2012
26 September, 2012
11 June, 2009
12 November, 2007

Related company news

 

Who is commenting?

Finextra Member Commented on: HSBC to rebrand Britsh...
Finextra Member Commented on: Zapp to use behavioura...

Top topics

Most viewed Most shared
Third of Brits expect day-to-day mobile pa...
8367 views comments | 39 tweets | 15 linkedin
Payments UK sets out vision for 'world cla...
6925 views comments | 17 tweets | 10 linkedin
Swedish mPOS firm iZettle raises EUR60m fo...
6233 views comments | 13 tweets | 8 linkedin
HSBC glitch leaves thousands of customers...
6132 views comments | 13 tweets | 7 linkedin
UK boosts contactless limit to £30
5724 views comments | 31 tweets | 20 linkedin

Featured job

Max £55k
London

Find your next job