SWIFT has selected SunGard as a global partner, the highest level of partnership in the SWIFT partner programme. The announcement signifies a closer level of co-operation between the two organisations, under which they will work together to deliver industry value to over 2,000 customers using SunGard’s AvantGard solution.
Over the past year, SunGard and SWIFT have expanded their relationship to extend greater connectivity and communications options to banks and corporations. Several years ago when SWIFT opened access to corporations, SunGard took the new offering one step further by integrating connectivity to its corporate solutions for treasury and payments, and then wrapped a service bureau around the solutions.
Corporations can also leverage SunGard to interface with the Accord for Treasury solution from SWIFT, which matches confirmations and provides exception handling results in real time. Accord for Treasury also automatically updates the matching status to reflect subsequent corrections and cancellations to initially confirmed trades, and can be integrated with SWIFT’s bank account management (eBAM) service.
Gottfried Leibbrandt, head of marketing at SWIFT, said: “We value our partnership with SunGard and are pleased to be deepening this relationship by granting SunGard the preferred status of global partner. Its solutions offer value-added services to the SWIFT network, helping corporations to improve management of free cash flow. SunGard’s dedication to helping foster collaboration across the financial supply chain demonstrates that our organisations have shared goals.”
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.