City Consultants, the London-based securities operations consultancy, announced today that it has reached a formal agreement with Trace Datawise Financial Ltd, the subsidiary of technology and services group Trace Group Plc that manufactures middleware for connectivity to SWIFT and other networks.
The agreement will see the two companies partnering in pre-sales project initiation and implementation of sales made by Trace Datawise of EasyISO15022, a message conversion solution to meet the November 16 2002 change of messaging standards at SWIFT, and other products due to be launched at SIBOS in Geneva this year.
Gary Wright, Business Strategist at Trace Datawise Financial said: “This agreement makes great business and financial sense for us. Outsourcing the project initiation and implementation to City Consultants means that we are aware of any unusual or non-standard components within potential clients’ systems. These anomalies can be documented by City Consultants, saving us time and money preparing for project implementation. We will be announcing more strategic partnerships in the very near future.”
Sharron Thorley, Sales and Marketing Director at City Consultants commented: “Our experience and expertise within the securities and finance industries is where we will add value for Trace Datawise customers. The timely, efficient and smooth implementation process of EasyISO15022 is key for many players still struggling to get themselves ready for the cut-off date set by SWIFT.”
City Consultants has recently joined the Altran Group, a European technology consulting company.