The B2 Group said that its B2 ChannelMap Generator mapping tool, a product of 10 years of development in automated messaging solutions, continues to gain traction in the market.
The UK-based group, which provides cloud based payments, foreign exchange (FX) and funds straight-through processing (STP) software and consultancy to transaction banks and corporates worldwide, added that the tool offers mapping of proprietary files, both incoming and outgoing; analysis of file mapping, field by field; management of multiple file formats and versions with confusion; testing, validation and handling of exceptions; and a high level of security and control.
“We understand, only too well, the frustration of banks and corporates who find automation tools on the market can be expensive, hard to deploy and often their users struggle to realise the promised benefits,” said Phil Boland, chief executive officer (CEO), The B2 Group.
However, a London summit on the industry’s introduction of the technology cautions that testing and acceptance are still at an early stage and firms should proceed with caution.
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