ADP Wilco announced Thursday that it will expand its messaging capabilities with the addition of the ability to offer clients with ISO 20022 SWIFT messaging services.
SWIFTNet Funds messaging services are XML based and are derived from the ISO 20022 standard.
ADP Wilco’s new service, it says, is an opportunity for market participants to improve their automation and communication capabilities across their fund operations.
ADP Wilco’s SWIFT Service Bureau currently has 15 firms across three countries in its costumer lineup.