Fundtech has partnered with NEC subsidiary Decillion, a Singapore-based SWIFT service bureau (SSB) focused on the financial services (FS) industry. The agreement extends Fundtech’s global SSB capabilities with physical presence in the Asia-Pacific region, adding to its existing operations in North America, the UK, and Switzerland, giving Fundtech the capability to offer financial institutions (FIs) and corporations a single global relationship with local support and service.
Under the partnership, Decillion will offer Fundtech’s SWIFT messaging and compliance filtering software in its SSB. There are also plans to offer Fundtech’s portfolio of products through Decillion’s SSB in the future. With the establishment of this alliance, Fundtech will have access to the Asia-Pacific market and the capability to offer FIs and corporations a single global contract with local support and service. The combined network of both partners will create a global service bureau platform that will provide customers with quality and cost-effective SWIFT connectivity.
On day one of SIBOS, panellists unanimously agreed that doing nothing to modernise payments was no longer safe bet for transaction banking.
On day one of Sibos 2017, Stefan Dab, The Boston Consulting Group led a conversation examining the future of correspondent banking, and specifically the pain points corporate treasurers face in their cross-border payments operations and where technology can be developed to alleviate these.
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Today CGI and GTNews have announced the launch of the fifth annual Transaction Banking survey report, which offers which offers critical insight into the corporate-to-bank relationship.