Source: Diamis
Diamis, a European leader in interbanking software, will showcase a new range of SEPA-compliant solutions for commercial banks, central banks and, for the first time, corporate customers at Sibos 2005 in Copenhagen.
This year, Diamis will cover a variety of issues, including cash management, SEPA guidelines, settlement systems and access to the Swift network.
Sibos is an annual business fair where Diamis presents technological innovations that address the latest needs of commercial and central banks. This year's event will examine transformation within the financial services industry and deployment of Target 2, the new Trans-European Automated Real-Time Gross Settlement Express Transfer system. Dedicated to helping customers evolve towards TARGET2, Diamis has developed a platform that is fully compatible with the new system.
Constantly enriched with new functions, CRISTAL's cash management and payment processing product line meets the challenges of the changing environment. A large number of European banks already use the Diamis platform for managing their intraday cash transfers.
CRISTAL TARGET2 has additionally been enhanced to comply with SEPA guidelines, providing access to central settlement systems to help banks get ready for the pan-European infrastructure. EBA Clearing, for example, has already chosen the Diamis platform to prepare for the single European market and to provide European banks with a secure, scalable system.
In a new development, SWIFT, the organizer of Sibos 2005, has authorized large companies faced with similar cash management issues as banks to use the SWIFT network and invited them to participate in this year's event. Diamis, together with its parent company, Atos Euronext Market Solutions, as well as BNP Paribas and Trax, will host a special forum where corporate customers can air their concerns and learn about Diamis' turnkey cash management and SWIFT connectivity solutions.