Brown Brothers Harriman (BBH) has added a Web-based message entry application to its STP outsourcing platform for asset managers Infomediary, using software from Volante Technologies.
BBH says the new tool allows Infomediary users to manually input and repair instructional messages - including corporate actions messages, cancels and corrections - that would would otherwise have been communicated via fax or entered into proprietary workstations.
The messages are then delivered electronically to Swift and non-Swift custodians, prime brokers, accounting and transfer agents.
Rick Berk, CIO of Brown Brothers Harriman, comments: "Volante's model driven approach to build messaging applications is unique and certainly helped in rolling out our Web-based multi-party message entry application in record time."