Simplex, the market leading global transaction services provider, today announced a partnership with Coretexa, a leading provider of operations technology services, to provide a joint Swift connectivity and value-added functionality to buy-side customers.
Coretexa's 'C3' middle office workstation solution supports a range of operational processes, including trade matching, affirmation, confirmation, reconciliation, corporate actions and reporting. The functionality is delivered to the buy-side as a multi-tenant, web-based service that provides comprehensive reporting across all transactions, business events and operational metrics.
Simplex, the 'white-label' managed payments service provider to some of the world's largest transaction banks, enables clients to access SWIFT functionality through the award-winning Simplex Global Transaction Platform (GTP).
The partnership between Simplex and Coretexa will provide existing and future C3 clients with costeffective access to the international SWIFT network, enabling them to benefit from the greater operational efficiencies provided by the Simplex GTP.
Rob Denham, Coretexa Managing Director, commented: "Our C3 solution delivers outstanding operational performance, providing transaction status across all OTC Derivative, Cash & Security asset classes. The partnership with Simplex brings SWIFT connectivity to our C3 platform, maximizing straight through processing and enabling complete integration with existing portfolio management and third party systems."
Philip Walsh, Simplex Chief Executive, said: "Simplex is pleased to bring the benefits of our Global Transaction Platform and SWIFT connectivity to all buy-side participants. The award-winning transformation services of the Simplex GTP further emphasises Coretexa C3 as a premium solution delivering intra-day transaction confirmation and life-cycle management across all asset classes."