25 February 2018
visit www.nextgenbanking.co.uk/

Misys and Swift hatch STP Accord

30 May 2002  |  4304 views  |  0 Misys

Misys International Banking Systems (Misys-IBS) is shipping a new version of its Meridian Link messaging solution integrated with the Accord confirmation matching system from interbank network Swift.

Mick Fennell, business development manager for Meridian Link at Misys-IBS, says the integration between the two products should allow customers to increase their STP rates for treasury transactions dramatically. He says: "From deal capture through to settlement and payment, no user intervention is necessary. Payments are released on time with accompanying audit trails to illustrate the successful matching event.”

Jan Dings, SwiftNet Accord product manager & treasury solutions product manager at Swift, says the first Accord-Meridian user has already gone live with the new, integrated solution in London and is reporting "a dramatic reduction in operational costs" following automation of daily transaction cycles.

Meridian Link operates by extracting raw data from back-office applications and transforming that data into the required format for outgoing Swift messages. Under the integrated Accord version, payments are automatically released to the Swift network once a successful match is returned.

Says Fennell: “This process is helping Misys-IBS’ customers support higher transaction volumes within diminished settlement cycles.”

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 stories

STP a priority for treasury professionals

STP a priority for treasury professionals

20 May 2002  |  3593 views  |  0 comments
Omgeo, Swift deal positions SwiftNet as default message platform

Omgeo, Swift deal positions SwiftNet as default message platform

09 May 2002  |  4038 views  |  0 comments
Commonwealth Securities selects Misys for margin lending

Commonwealth Securities selects Misys for margin lending

02 May 2002  |  3209 views  |  0 comments
Misys to woo Japanese domestic brokers via Fujisoft KCS

Misys to woo Japanese domestic brokers via Fujisoft KCS

09 April 2002  |  2845 views  |  0 comments
Swift goes it alone

Swift goes it alone

02 April 2002  |  3335 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.nextgenbanking.co.ukVisit www.vasco.comvisit www.swift.com/your-needs/instant-payments

Top topics

Most viewed Most shared
Ripple makes new connections to emerging marketsRipple makes new connections to emerging m...
12672 views comments | 16 tweets | 10 linkedin
hands typing furiouslySome Interesting Applications Of The Inter...
10836 views 4 | 9 tweets | 1 linkedin
Basel Committee outlines disruptive fintech scenariosBasel Committee outlines disruptive fintec...
9337 views comments | 15 tweets | 26 linkedin
Investment Association sets up fintech accelerator for asset managersInvestment Association sets up fintech acc...
8721 views comments | 19 tweets | 10 linkedin
R3 creates Legal Centre of Excellence for blockchain technolgyR3 creates Legal Centre of Excellence for...
8638 views comments | 11 tweets | 14 linkedin

Featured job

Competitive base + commission + benefits
London, UK

Find your next job