Dovetail wins Payment Innovation Award

London - 9 December 2009

Dovetail has won the 2009 Payment Innovation Award from Financial-i magazine.

The award recognises Dovetail’s creation of the world’s first truly universal payment services hub and its role in underpinning the payments strategies of some of the world’s most innovative payments banks, providing full middle and back-office processing across bulk ACH and RTGS payment types. “I’m proud of our team of highly dedicated, experienced and talented individuals – this is their award,” said Martin Coen, Dovetail CEO.

Dovetail is a global leader in banking payments technology. The Dovetail Payments System combines a payments specific SOA framework with a set of function-rich components to give a total solution that’s easy to configure to a client’s specific needs. It is the world’s first truly universal payments solution. The system works with clients’ legacy systems, enabling them to renovate at a pace that suits their businesses. Dovetail’s solution has been proven in the most testing of environment’s within the world’s leading payments banks.

Financial-i covers the complete transaction cycle, focusing on the business and operational evolution of wholesale financial services from treasury and cash management through to trading and asset administration. Its annual awards are unique in that companies are not self-nominated but are selected solely on research conducted by Financial-i's team of journalists and independent analysts. A shortlist is passed to an advisory panel comprising analysts, consultants and market practitioners who select the winners.

“These awards are highly respected in our market,” said Coen. We are proud to have won. More to the point, we are delighted that the innovation we have delivered for our clients has been recognized in this way.”

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