CheckFree Financial and Compliance Solutions (CFACS), a business unit of CheckFree Corporation has announced three new client wins for Kedrios, a CheckFree business partner and a provider of outsourced middle and back office services in Italy. The new clients are private banking and wealth management firms Abax, Duemme, and Pictet.
Through its partnership with CheckFree, Kedrios clients have begun to use the Back Office Negotiation (BON) service for which TradeFlow TPM – supplied by HelioGraph, which CheckFree acquired last year – to provide complete end-to-end STP solution, and full connectivity to the SWIFT network.
Kedrios, an application service and information technology consultancy services provider, will now offer TradeFlow TPM functionality to other parts of its bank, asset management and broker client base.
“CheckFree’s reputation in the market and international client base were major factors in our partnership decision making to partner process with the company,” says Giovanni Roversi, chief executive officer at Kedrios. “The addition of TradeFlow functionality to our BON platform provides Kedrios with a complete STP solution that gives our organiszation a strong opportunity for international expansion. We’ve seen a significant business value to our customers with the recent addition of Abax, Duemme and Pictet to our customer base.”
“Kedrios grows our base of Italian local partners, and CheckFree benefits from their knowledge and coverage of the financial markets in Italy,” adds Mark Zill, senior vice president and general manager, CFACS. “Together our organizations will offer a unique, valuable service. To date, the response from Kedrios’ clients has been extraordinary, and we expect to see significant growth in this market.”
Kedrios is a leading provider of information technology, administration and consultancy services for back office use by investment management companies and securities brokerage firms in Italy. Kedrios provides a range of outsourcing services addressed to the back office and administrational needs of the financial services industry in Italy, and in particular investment management companies and securities brokerage firms.