Slam Dunk Networks moves into financial markets

Slam Dunk Networks moves into financial markets

California-based Internet infrastructure company Slam Dunk Networks is extending its guaranteed transaction delivery service to financial services companies with the aid of a new suite of finance-specific protocol adapters.

The new family of protocol adapters - FIX-SD (for Financial Information Exchange messaging), Ccard-SD (for credit card authorisations between banks and merchants), File-SD (supporting legacy applications), and Stream-SD (streaming IP) - enable financial institutions to deliver messages over Slam Dunk's guaranteed delivery network, without having to rework their existing applications. Each adapter can connect to a company's system using the most popular network protocols, such as TCP/IP, X.25 and SNA.

The service offers full security, guaranteed delivery, a hardened audit trail and insurance by Lloyd's of London on each transaction, which the company say will cut costs, increase ROI and reduce time-to-market.

"For years, financial services companies have used expensive, difficult-to-deploy leased lines to transmit their sensitive transaction messages," says Bob Miller, CEO of Slam Dunk Networks. "Instead of waiting months or longer for a leased line to connect to a new trading partner, companies can add and subtract trading partners on our Network within days at a fraction of leased line costs without making any compromises on security and reliability."

Comments: (0)