20 August 2017
visit www.avoka.com

Swift taps SmartStream for Accord Matching overhaul

29 October 2012  |  7471 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
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)

Finextra news in your inbox

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

Related stories

Swift wins T2S connectivity deal with CSD consortium

Swift wins T2S connectivity deal with CSD consortium

24 October 2012  |  6935 views  |  1 comments | 2 tweets
More Chinese banks pull out of Sibos

More Chinese banks pull out of Sibos

23 October 2012  |  6253 views  |  0 comments | 5 tweets | 2 linkedin
Swift goes on hiring spree for new Apac corporate hub

Swift goes on hiring spree for new Apac corporate hub

26 September 2012  |  4204 views  |  0 comments
Swift switches on central matching for brokers and hedge funds

Swift switches on central matching for brokers and hedge funds

11 June 2009  |  6756 views  |  1 comments
Dubai buys SmartStream for £200m

Dubai buys SmartStream for £200m

12 November 2007  |  16856 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.dorsum.euvisit www.niceactimize.comdownload the paper now

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
9294 views comments | 23 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
7972 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
7465 views comments | 10 tweets | 7 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
6901 views 0 | 1 tweets | 1 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
6589 views comments | 14 tweets | 12 linkedin

Featured job

Competitive
New York, NY - USA (some flexibility on location)

Find your next job