SunGard Launches SwiftNet Funds Solution

The MINT SwiftNet Funds solution for the new SwiftNet XML-based messaging service for the investment funds industry has been launched by SunGard. The MINT SwiftNet Funds solution gives distributors, investment managers, transfer agents, administrators and custodians the ability to automate and standardize processes in the investment funds industry. The SwiftNet Funds service from Swift caters for both domestic and cross-border fund distribution flows in Europe and Asia Pacific and is based on the new UNIFI (ISO20022) standards covering account openings and maintenance, orders, status, confirmations, transfers, transactions and holdings statements, price reporting, cash flow reporting, commission reporting and static prospectus data.


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