Tim Brew, market development director for Logicaâs Global Products Business, said: âLarge financial institutions have to not only process increasing messaging volumes but also bring down the cost per message. Our partnership with TIBCO will provide our customers with the best of both worlds. Our joint solution can process over five million messages per day on a single hub, significantly reducing the banksâ costs. At the same time, it enables global banks to consolidate multiple legacy systems into a modern and flexible architecture that caters for their future business growth.â
This partnership combines Logicaâs FASTWIRE Open hub with TIBCOâs business integration and messaging middleware technology, TIBCO ActiveMatrix BusinessWorksâ¢, and TIBCO Enterprise Message Serviceâ¢. The new solution is easy to integrate with existing back office systems and is highly scalable, capable of handling over five million SWIFTNet FIN MT or MX messages per day. It offers value-added services such as comprehensive transaction auditing, monitoring, and reporting capabilities.
Fabio Pulidori, Senior Vice President, EMEA, TIBCO Software, said: âWe are pleased to partner with Logica and bring to market this innovative proposition. Our existing customers, including some of the worldâs biggest financial institutions, will now be able to benefit from an end-to-end financial messaging solution that features a direct gateway to SWIFT.â