Fundtech a global transaction banking solutions provider has introduced Global Messaging Plus, a new financial messaging platform which will act as the technology gateway for all its service bureaus. Global Messaging Plus, Fundtech claim, that it will reduce overall project implementation time, add more functionality, and improve end user efficiency while continuing to deliver the highest standards of security and reliability.
With Global Messaging Plus, corporations will save time and increase operational efficiency through global functionality, advanced STP, web-based technology and advanced drill down and query capabilities. Seamless integration with payments and treasury systems reduces the risk and costs associated with onboarding. Built using the latest technologies, Global Messaging Plus ensures that any firm’s technology investment is protected over both the short- and long-term.
The platform also serves as a gateway for Fundtech’s compliance filter application, Global Compliance Plus, in addition to Fundtech’s SWIFT File Flow and SWIFT Fund applications. Global Compliance Plus helps check messages against various embargo lists, automatically and in real-time. The application is included as part of Fundtech’s service bureau offering or as an in-house application for Fundtech’s global payments and global cash management customers.
Per Trifunovic, CEO of Fundtech’s BBP business unit, commented, "As the largest service bureau operator in the world, we have the expertise and critical mass to help corporations and banks manage and maintain their connectivity operations. Fundtech continues to make significant investments in our technology to ensure that our service bureau customers benefit from the best technology in the world. The introduction of Global Messaging Plus increases our performance and capacity, while at the same time continues to provide the highest standards of security and reliability. With the new technology, we are confident that our service bureaus can support corporations and banks of any size, anywhere in the world.”
This is how service bureau are having to compete with SWIFT’s Alliance Lite 2.Fundtech launches new financial messaging platform for their Service Bureau delivery