SunGard (NYSE:SDS) today announced the launch of its MINT SWIFTNet Funds solution, for the new SWIFTNet XML-based messaging service for the investment funds industry.
The MINT SWIFTNet Funds solution gives distributors, investment managers, transfer agents, administrators and custodians the ability to automate and standardize processes in the investment funds industry.
The SWIFTNet Funds service from SWIFT caters for both domestic and cross-border fund distribution flows in Europe and Asia Pacific and is based on the new UNIFI (ISO20022) standards covering account openings and maintenance, orders, status, confirmations, transfers, transactions and holdings statements, price reporting, cash flow reporting, commission reporting and static prospectus data.
MINT SWIFTNet Funds provides an entry-level, quickly deployed solution that helps firms to future-proof their investment in funds automation. Advanced features can be added to the entry-level solution for more sophisticated projects. MINT SWIFTNet Funds scales with volumes and the number of integrated applications. MINT SWIFTNet Funds provides a single interface to help provide more effective integration and lower total cost of ownership. MINT SWIFTNet solutions provide integration for the range of SWIFTNet services, including FIN and FileAct.
Tom King, president of SunGard's STeP business unit, commented, "Our SWIFTNet Funds solution helps distributors, investment managers, and transfer agents to leverage their SWIFTNet investment. Our solution offers a starting point for initial SWIFTNet Funds needs and positions firms for growth in both usage and complexity as the SWIFTNet Funds initiative gains momentum."