Odyssey Financial Technologies signs a partnership with Incentage and launches Custodial Data Solution

10 September 2008

Odyssey Financial Technologies, a global provider of private wealth and asset management solutions and services, is pleased to announce a new partnership with Incentage, a Swiss software provider of Straight Through Processing (STP) solutions for the financial industry. With this partnership, Odyssey launches its new Custodial Data Solution and includes it in its Portfolio Management solution, the Triple’A PlusTM platform.

Odyssey's Custodial Data Solution receives positions, transactions and cash data from Global custodian banks that provide electronic feeds. It duplicates this data in a common, scalable format and reinforces operational efficiency. Asset Managers can then consolidate account level information from different custodians into Odyssey Portfolio Management modules to generate value for their clients and boost their business.

“The solution powered by Incentage CapitalBus acts as a single access point interface between the Odyssey platform and the custodian banks. We’ve chosen Incentage because of its in-depth knowledge of the communication standards industry and its expertise, and because of the cost-effective extension its solution allows in a much shorter time-to-market,” explains Quentin Bérard, Product Manager, Odyssey Financial Technologies.

Leading custodial banks are clearly interested in the solution since it increases their service level to asset management firms.

“Partnering with Odyssey will allow us to extend the reach of our CapitalBus solution. Odyssey’s leadership position in Switzerland and beyond will enable us to approach new clients and markets with a high quality solution and reinforced services,” says Felix Huber, CEO of Incentage.

It is foreseen that Odyssey and Incentage’s partnership will be extended in the future to developing new STP solutions that will provide additional value to both clients.

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