Allfunds picks Funds Open Architecture as newest connectivity and messaging automation solution

Madrid - 6 October 2006

Swissrisk Financial Systems, a leading provider of financial solutions for European banking institutions, announced that AllFunds Bank has chosen its Funds Open Architect integration solution to manage its messaging and connectivity to SWIFT, EMX and other messaging infrastructures.

By implementing Funds Open Architect, Allfunds now has true real-time connectivity between our back office systems and SWIFT FIN, SWIFT XML and EMX.

Representing more than 7000 funds among 120 asset management companies across Spain, Portugal, Italy, UK and Latin America with over 30 billion EURO on its platforms demands a flexible and creative solution. The solution being implemented at Allfunds Bank will enhance messaging automation and standardization for greater efficiency at less cost.

“It’s a challenging fact,” replied Peter Marshal, Swissrisk’s CEO, “that every message type usually involves different business processes and different communications channels. Managing such a diversity of messages, business processes and communications flows are the core competency of Funds Open Architect.”

Funds Open Architect is powered by X-Gen, certified SWIFTReady Gold for Financial E&I for eight consecutive years. Swissrisk is a SWIFT Solution and Service Partner since 1999.

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development