Asset Control has integrated CB.Net’s BankSearchPlus, the international payments directory, into its AC Plus data management applications. CB.Net provides over 70,000 standing settlement instructions (SSIs) linked to 8,500 BICs and national bank sort codes for over 60 countries, providing support STP, back-office processing, settlements and credit risk management.
“Our alliance with CB.Net expands the capability of AC Plus to support the full range of data required for transaction processing and settlement for straight-through processing and counterparty management,” says Ken Payne, director of sales and marketing at Asset Control. “Our customers have expressed strong interest in this data, and we are delighted to provide full integration of SSIs into our centralized data management system.”
“By providing instant integration of BankSearchPlus into AC Plus solutions, Asset Control enables us to reach more customers with this essential tool for eliminating cost and risk from the settlement cycle,” adds Ian Dunning, managing director at CB.Net. “We are already building a shared customer list and look forward to working together with Asset Control.”