Eurobase Incorporates TWIST XML into Front Office Solution

TWIST XML messaging has been incorporated into Eurobase Banking Solutions’ Siena treasury dealing solution, extending its generic XML capability to interact with TWIST trade conversations. Through TWIST XML, institutions will benefit from the reduction in error correction costs that automated STP offers as well as general software cost savings resulting from not having to support multiple and costly interfaces, said Eurobase. David Mallinder, Head of Business Development and Sales at Eurobase Banking Solutions, commented: ‘The converted XML format will initially support FX trade conversions but plans are underway to support TWIST XML messaging for other products. Eurobase also expects to offer users direct communication to the payment networks using TWIST XML messaging when available. ‘


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