19 August 2017
visit www.avoka.com

ICI/ADP selects Volante for data management and Swift messaging

12 October 2004  |  1530 views  |  0 Source: ADP

VOLANTE TECHNOLOGIES, INC., today announced that ICI/ADP, a division of Automatic Data Processing, Inc. (NYSE: ADP) has agreed to build its future complex financial messaging solutions using Volante's data management product suite.

ICI/ADP delivers fixed-income trading capabilities to the securities industry, a market undergoing incredible changes in the way business is conducted. With increased automation demanded by the industry, ICI/ADP has targeted strategic areas, such as connectivity, to enhance its core products.

Volante was selected from a field of five contenders after a rigorous selection process, which included a review of long-term requirements for data and complex message management. ICI/ADP offers a comprehensive suite of fixed-income processing solutions with a battle-tested track record of functionality, dependability, flexibility and scalability. From its inception, ICI/ADP has focused on developing highly interactive and responsive online systems for the financial community.

The initial use of the product suite will be to provide a fully automated wire transfer capability to ICI/ADP's impact(tm) system via SWIFT messages. Wire transfer capability significantly enhances the sophisticated open items and P&I processing capability already delivered in impact. impact is an integrated, online securities transaction processing system that offers the industry's most comprehensive support for fixed-income trading and processing. The impact system provides leading global financial institutions with trade capture and processing, as well as settlement and clearing functions for domestic and foreign fixed-income instruments, including extensive support for mortgage backed securities.

Volante's products are applicable to a wide variety of solutions used by the financial services industry including payments, corporate actions, market data and trade processing. Specifically Volante provides platform agnostic solutions for data management and complex messaging.

ICI/ADP will use Volante's products extensively for data management and message processing, beyond the current project. As the fixed income market expands further in the global arena, ICI/ADP will deliver against the demand for integrated trading capabilities handling US and internationally traded instruments. The Volante products will support the delivery of enhanced international clearing of securities, global cash clearing associated with trading activity, and the entrance into new markets. Volante's role will continue for ongoing support. Further, leveraging Volante's products provides ICI/ADP with the ability to speed delivery of product enhancements to its market, cut development costs, and better control connectivity points with clients.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related company information

Broadridge Financial Solutions

Related blogs

Create a blog about this story (membership required)
visit www.worldpaymentsreport.comvisit www.niceactimize.comvisit www.dorsum.eu

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
8515 views comments | 23 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
7606 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
6767 views comments | 10 tweets | 7 linkedin
hands typing furiouslyWhy Blockchain Might Not Be The Future For...
6293 views 1 | 5 tweets | 3 linkedin
Apple sidelined as Beijing transit system launches payments appApple sidelined as Beijing transit system...
6130 views comments | 11 tweets | 9 linkedin