ACE announced today that its new PELICAN suite of products for Real-Time Cash Reporting and Liquidity Management has been awarded the 2005 SWIFTNet Ready Nostro Account Information Provider and User labels.
"Once again ACE have demonstrated their professionalism and expertise with which they have approached the whole validation process. The PELICAN suite is a very welcome addition to the world of real time cash reporting and we believe it has the potential to be a leading exponent of the SWIFTNet single-window approach to the market' said Allan Spalding, Business Manager, Partner Solutions at SWIFT
Parth Desai, President at ACE had this to say. "This new suite of products catapults us into new markets. We are delivering back office information to the middle office management to ensure that Banks maximise their liquidity during intraday hours. Our initial thrust has been to deliver functionality to support TARGET2 but along with this, there will be support for the main RTGS systems around the world as well as Correspondent Banking.