Simplex Wins Baring Asset Management SWIFT Support Business

Simplex Consulting, a leading UK-based SWIFT Service Partner, announced that it has won the contract to provide a SWIFT operations support service for Baring Asset Management.

"Simplex was instrumental in assisting Baring Asset Management migrate to SWIFTNet. As a SWIFT Service Partner, Simplex was selected to provide us with a reliable SWIFT operations management service. We are pleased with the professionalism and flexibility shown by the Simplex team in handling a mission-critical part of our IT infrastructure. Baring Asset Management has used the specialist knowledge of Simplex combined with internal expertise to meet the technical challenges of the SWIFTNet migration project. Simplex continues to work very effectively with the Baring Asset Management IT team to monitor our SWIFT environment on a daily basis and provide maintenance and support as required" states Peter Eburne - Assistant Director, Technical Services, Baring Asset Management.

"Winning Baring Asset Management’s SWIFT business demonstrates that Simplex’s combination of business as well as technical consulting allows us to provide a more valuable service to our clients. We believe that our business consulting and major project implementation skills provide a significant differentiator for Simplex, when added to the technical SWIFT implementation and support skills required of a SWIFT Service Partner. Simplex brings significant experience in all aspects of the payments process and in achieving high levels of Straight Through Processing", states Bill Peters, Service Director for the SWIFT practice at Simplex.

"We are seeing more of our clients switch to managed service contracts for their SWIFT operations and away from ad-hoc support. This is good for both parties; Simplex is able to plan ahead to guarantee resources when they are needed most, and our customers can rest assured that a leading SWIFT Service Partner is always on-hand," added Philip Walsh, Marketing Director at Simplex.

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