21 August 2017
Find out more

SEB Merchant Banking implements NFS treasury trading interface

16 May 2003  |  3594 views  |  0 SEB Merchant Banking implements NFS treasury trading interface

Sweden's SEB Merchant Banking is using technology from local vendor Nordic Financial Systems to enable its corporate clients to execute foreign exchange transactions via their treasury management systems.

SEB has been working with Nordic Financial Systems to develop NFS e-Deal Router application which detects and routes FX transactions from a clients treasury management system to the bank's online trading engine, Trading Station Interface (TSI), where transactions are processed.

The bank says corporate customers can now achieve both straight-through processing (STP) and lower transaction costs. About 40% of the bank's corporate currency transactions are conducted via its Internet-based Trading Station.

Niklas Blide, head of e-tcm sales, SEB Merchant Banking, says: "The co-operation with NFS to develop the e-Deal Router will lead to a more efficient trading and administration process for our clients."

Electrolux is the first corporate customer to implement the application and the firm now has a complete execution, confirmation and settlement STP service for its FX transactions. Magnus Lind, CEO of NFS, says the implementation is one example of how the partnership between NFS and SEB offers a turnkey solution to the bank's platform.

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.euvisit www.worldpaymentsreport.comvisit www.vasco.com

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
11152 views comments | 25 tweets | 23 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
9385 views comments | 22 tweets | 28 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
9361 views 0 | 5 tweets | 1 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
9117 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
8995 views comments | 10 tweets | 8 linkedin

Featured job

Find your next job