Reuters (LSE: RTR; NASDAQ: RTRSY) is one of the first to be awarded SWIFT's new SWIFTReady for Corporates -Treasury accreditation.
The SWIFTReady label is awarded to applications that adhere to the specific set of criteria which support SWIFT messaging and connectivity. The Treasury integration label has been awarded to the Reuters Kondor Trade Processing (KTP) solution which has the capacity to process and exchange treasury payments and deal confirmations via its SWIFT functionality.
As treasurers are faced with ever-increasing trade complexity and regulatory requirements in a global market, there is a growing need for secure and automated treasury processes. Treasury systems with valid communication platforms are critical for treasurers to address these challenges and improve efficiency and control whilst reducing costs and risk.
Reuters KTP allows clients to take full advantage of the efficiencies offered through SWIFT automation. KTP delivers increased efficiency and reduced costs via smooth integration with clients' back-office solutions and by eliminating costly and time-consuming manual intervention. Consistency of message performance ensures maximum control for audit trails and trade confirmations which ultimately lead to high service levels.
Alain Dangvanmien, Senior Business Development Manager at SWIFT said: "We are delighted to award Reuters the SWIFTReady for Corporates-Treasury label. It is a commendable achievement and reflects Reuters commitment to supporting SWIFT interfaces and to the industry as a whole in promoting universal standards. I look forward to working with the Reuters team going forward as they develop additional SWIFT functionalities"
Andrew White, Global Head of Reuters Trade and Risk Management said: "We are pleased to offer our significant corporate treasury client base a single, secure and reliable messaging platform via KTP's SWIFT functionality. The SWIFTReady for Corporates -Treasury label is evidence of Reuters commitment to developing fully scalable products. We strive to achieve the best possible results for the industry, and welcome the opportunity to work with organisations such as SWIFT"