The two organisations will implement and market WealthCraft's ATOMS On Demand for SWIFTNet Funds, a hosted transaction automated Software as a Service (SaaS) solution which debuted at last month's SWIFT Sibos conference and exhibition in Boston, USA, and ATOMS Enterprise for SWIFTNet Funds, a gateway application which acts as message concentrator or router for in-house unit trust applications.

"The demand for funds trading by both investors and financial institutions is strong, and while trading has increased dramatically, the high degree of manual intervention in transactions throughout Asia is not only slowing business development, but increasing risk through human error entering the transaction process," said Kelly J Tallas, CEO of WealthCraft.

"Our alliance with Decillion Solutions provides financial services institutions in Asia with a strong partner to enable them to make the most of this historic marketing opportunity and more quickly implement a complete end-to-end automated fund transaction and messaging process, expanding their business to high volume institutional trading and enhancing efficiencies in funds transactions through automation."

Eric Chua, Regional Head, Investment Fund Solutions at SWIFT added, "The volume of fund orders in Asia is clearly increasing at an unprecedented pace. The challenge for the industry is to match the sophistication that the leading funds are showing in their marketing with increased efficiency at the back end. Every dollar the industry can save in distribution is a dollar that can be passed on to the investor. We're delighted to be working with WealthCraft and Decillion to bring this about."

Kotaro Namba, Board Director of Decillion Solutions pointed out, "WealthCraft's ATOMS On Demand for SWIFTNet Funds and ATOMS Enterprise for SWIFTNet Funds integrated with Decillion's Service Bureau is the ideal solution for maximising the benefits of straight-through processing of transactions electronically through the easily managed scalable support for rapid growth of funds transactions and orders."

ATOMS On-Demand for SWIFTNet Funds is a hosted transaction automated Software as a Service (SaaS) solution which provides straight-through processing of funds transactions as well as a comprehensive reporting and audit facility. It enables banks, fund houses, IFA's and nominees institutions to maximum benefits from secure SWIFTNet funds functionality in the shortest possible time without the need for a direct SWIFT connection.

ATOMS Enterprise for SWIFTNet Funds is a gateway application which acts as message concentrator or router for in-house unit trust applications. ATOMS Enterprise for SWIFTNet Funds fully supports ISO20022 for funds and 100 per cent of available messages on SWIFT for securities messaging. The gateway transforms messages from different in-house applications into the corresponding SWIFT messages, and sends them via their own direct connection to SWIFT, automating the process of funds trading and achieving automated straight through processing (STP).