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Simplex and Logica Finland partner to deliver hosted SWIFT solution to Corporates

Simplex, the market leading global transaction services platform, today announced a partnership with Logica Finland, the business and technology services company, to provide a complete SWIFT connectivity and value-added services solution to Corporate customers.

Logica and Simplex will provide a joint solution for an outsourced connectivity service for corporate clients. Both organisations will provide this service on a pan-European basis, with an initial focus on the strong corporate sector in the UK, Germany, France, Benelux and Nordic markets.

The Simplex Global Transaction Platform and Logica Finland offering goes beyond the provision of SWIFT connectivity – the joint solution delivers integrated solutions for the most demanding of multinational Corporates. The need for increased global transparency and risk visibility, better liquidity management, intraday reconciliations and greater operational efficiencies in a multi-bank environment, are all addressed by an award-winning suite of services. Logica designed the SWIFT system and this joint solution will help ensure corporates can maximise straight-through-processing opportunities when integrating into their back end systems.

The Simplex-Logica partnership ensures global compliance and interoperability. Legacy and proprietary data is transformed into SEPA message formats, enabling corporate clients to benefit from lower transaction costs without the expense of changing existing Treasury or Enterprise systems.

Jukka Tarkiainen, Managing Director Financial Services for Logica Finland stated: “For Logica, this partnership with Simplex will strengthen the Logica Group wide proposition of SWIFT connectivity services for large multinational corporates. We do not currently have a SWIFT processing offering, so co-operating with an established service bureau was seen as the best solution for offering SWIFT connectivity to our corporate customers.”

Jukka Tarkiainen continued: “Following a comprehensive European SWIFT Bureau market review, we recognised that the Simplex GTP and its range of value-added services was the strategic partner of choice for Logica.”

Philip Walsh, Simplex Chief Executive, said: “We are extremely pleased to have partnered with Logica Finland to deliver an outstanding SWIFT solution to the European corporate market. The cost and scalability benefits of outsourced and hosted ‘cloud’ solutions are increasingly proven, and the hosted services available through the Logica Finland and Simplex partnership provide cost-effective and scalable ‘on-demand’ solutions, delivering significant benefits without upfront capital costs or the need to replace existing legacy systems.”