19 October 2017
visit www.response.ncr.com

NEX to release Infinity SaaS platform for production testing

23 May 2017  |  1986 views  |  0 Source: NEX Group

NEX Optimisation, which helps clients reduce complexity and optimise resources across the transaction lifecycle, announces today that it has built the underlying architecture for NEX Infinity, a cloud hosted, Software as a Service (SaaS) platform which will transform the delivery of NEX Optimisation’s services to clients.

From July 2017, clients will be able to start testing spot foreign exchange (FX) and cash equities in the NEX Infinity distributed ledger.

Regulatory and technological changes have created many challenges for clients, including: Fragmented data; complex legacy systems and processes; mass reconciliations; ongoing regulatory demands; a proliferation of vendors and high risk and capital costs.

A platform for the future, NEX Infinity will help clients solve these challenges. It will simplify trade processing, give clients’ control of their data, and help them reduce costs and optimise their risk and capital across the transaction lifecycle. This will ultimately help clients grow their revenue by delivering their own services through a single connection and enriching their trusted data set.

NEX Infinity provides a single gateway through which clients will be able to connect once to access NEX Optimisation services. Its open and layered micro services architecture ensures interoperability between platforms and services and gives clients the agility to access not only NEX Optimisation services, but also to permission third party service providers to deliver services to their trusted data on the NEX Infinity platform. By bundling together a variety of services, NEX Infinity helps clients meet all of their trade and portfolio processing needs throughout the transaction lifecycle in one place, while the application of artificial intelligence and distributed ledger technology allows continuous enrichment to their own trusted data.

Having built the minimum viable product in March, NEX Infinity will move into production testing with clients in July 2017 for FX and cash equities matching, allocations and confirmations on the distributed ledger.

After signing a single Master Services Agreement to access NEX Infinity, clients will be on-boarded to the platform, where they will be able to test and interact with their data. Adoption of the new technology requires minimal effort from clients who on request, will be automatically migrated to the NEX Infinity platform. Duco’s artificial intelligence reconciliation tools will be utilised to perform the reconciliation of old and new technology for clients.

NEX Optimisation plans to bring additional services onto NEX Infinity for production testing by autumn 2017. Future releases will include additional asset classes and ensure connectivity to third parties.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.innotribe.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15537 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8725 views comments | 16 tweets | 22 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
8369 views 0 | 8 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7819 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6975 views comments | 9 tweets | 17 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job