Straight from Sibos: Swift partners with SmartStream
29 October 2012 Osaka
Image: Shutterstock
SWIFT has selected SmartStream Technologies to evolve Accord, SWIFT’s confirmation matching engine.
As part of the agreement, SmartStream will provide a number of underlying components of the updated Accord platform, including elements of the Transaction Lifecycle Management solution suite.
Philippe Chambadal, CEO of SmartStream Technologies, said: “The combination of SmartStream’s sophisticated matching and integration solutions, SWIFT’s security and availability credentials and our joint experience in the global matching arena, will allow us to deliver together a highly efficient service.
"We’re excited to see our products leveraged in this way, creating an industry owned, market leading confirmation service which will support clients and communities in need of a common matching platform as they seek to control the cost and risk of trading a broader array of products in increasing volumes.”
The first release of the new Accord platform will be launched in early 2014 with further releases to follow.
As part of the agreement, SmartStream will provide a number of underlying components of the updated Accord platform, including elements of the Transaction Lifecycle Management solution suite.
Philippe Chambadal, CEO of SmartStream Technologies, said: “The combination of SmartStream’s sophisticated matching and integration solutions, SWIFT’s security and availability credentials and our joint experience in the global matching arena, will allow us to deliver together a highly efficient service.
"We’re excited to see our products leveraged in this way, creating an industry owned, market leading confirmation service which will support clients and communities in need of a common matching platform as they seek to control the cost and risk of trading a broader array of products in increasing volumes.”
The first release of the new Accord platform will be launched in early 2014 with further releases to follow.
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