Mutual Fund Technologies (MFT), the specialist transfer agency software, services and consulting company, recently passed $1 trillion in the value of SWIFT trades processed through its ‘Message Exchange’ – the straight-through processing (STP) module for its transfer agency platform.
This key event will deliver global users of ‘Message Exchange’ access to Vestima+ and Fundsettle, flexible STP applications that provide increased automation and risk reduction. This significant milestone enhances SWIFT XML functionality, new distributor take-ons and the success of MFT’s existing customers. There are 150 distributors linked to ‘Message Exchange’.
We continue to witness increased use of our STP solutions, particularly amongst our customers in Europe and Asia, David White, executive director, MFT. Reaching the trillion dollar milestone is a considerable achievement and is a testament to our customers and our own investment focus on this area over the past five years.
Community collaboration, harmonised standardisation and a secure network all play essential roles in bringing efficiencies to the fund industry, says Edward Glyn, director – funds, SWIFT, EMEA. We look forward to continuing our work with MFT to remove operational risk and cost whilst driving distribution, automation and value to our joint client base.
L.D.