28 August 2016
Find out more

Fundtech grows Swift corporate client list

24 September 2012  |  1805 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)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit capgemini.comFind out moreVisit VocaLink.com

Top topics

Most viewed Most shared
hands typing furiouslyBig Data's Three Big Trends in 2016
7788 views 5 | 22 tweets | 13 linkedin
hands typing furiouslyHow Banks Are Losing Millions by Ignoring...
7583 views 11 | 24 tweets | 10 linkedin
Nordea looking for AI and blockchain breakthroughsNordea looking for AI and blockchain break...
6604 views comments | 17 tweets | 21 linkedin
R3 blockchain consortium sheds light on Concord projectR3 blockchain consortium sheds light on Co...
6094 views comments | 14 tweets | 14 linkedin
India's Unified Payments Interface goes live with 21 banksIndia's Unified Payments Interface goes li...
5774 views comments | 16 tweets | 18 linkedin

Featured job

Find your next job