21 October 2017
visit www.response.ncr.com

Siemens KAG automates post-trade messaging using Comit BizTalk software

13 January 2004  |  5251 views  |  0 Siemens KAG automates post-trade messaging using Comit BizTalk software

Siemens KAG, the investment management arm of Siemens, has implemented post-trade messaging software from Comit to send settlement instructions and receive incoming confirmations to and from custodians over the Swift network.

Based on the Microsoft BizTalk platform, the turnkey application supports the ISO 15022 message protocol, says Comit, and is easily expandable to other custodians, and for trade communication with brokers and advisors. The software also automates communication for orders and holdings, and speeds up reconciliation between fund distributors, fund promoters, and banks, says the vendor.

Mathias Knoll, project coordinator at Siemens KAG, says: "Comit's Swift solution developed on the Microsoft BizTalk platform has lead to significant cost savings and quality improvement by automating the settlement workflow with our custodians, State Street and ABN Amro."

Comments: (0)

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 company news

 

Related blogs

Create a blog about this story (membership required)
visit www.sibos.comRegister nowvisit www.vasco.com

Top topics

Most viewed Most shared
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
8893 views comments | 22 tweets | 26 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8657 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7720 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
7202 views comments | 10 tweets | 22 linkedin
Eight banks form joint venture to launch blockchain trade platformEight banks form joint venture to launch b...
6811 views comments | 14 tweets | 23 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job