18 August 2017
Find out more

Siemens KAG automates post-trade messaging using Comit BizTalk software

13 January 2004  |  5197 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.dorsum.eudownload the paper nowvisit www.niceactimize.com

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
7384 views comments | 21 tweets | 22 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
7236 views comments | 19 tweets | 23 linkedin
hands typing furiouslyWhy Blockchain Might Not Be The Future For...
5975 views 1 | 5 tweets | 3 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
5835 views comments | 10 tweets | 7 linkedin
Apple sidelined as Beijing transit system launches payments appApple sidelined as Beijing transit system...
5801 views comments | 11 tweets | 9 linkedin

Featured job

Find your next job