It fully supports ISO20022 for funds and 100 per cent of available messages on SWIFT for the current SWIFTNet Funds Release 4 business solution. The gateway application takes advantage of BizTalk Server's robust industry- standard architecture and helps transform messages from different in-house applications into the corresponding SWIFT messages, and sends them via their own direct connection to SWIFT, automating the process of funds trading and achieving straight through processing (STP).
"By implementing fully automated STP transactions with their distributors,
fund houses can greatly reduce risk and costs of operations while supporting
rapid expansion of business growth and open architecture," said
WealthCraft CEO
ING Platform Services Ltd (ING PS) was the first company to successfully
deploy the ATOMS solution in
Sheida Hadji-Ashrafi, worldwide industry manager for payments, Microsoft, commented: "Fund houses have found in Straight-Through Processing a way that helps them automate their processes and increase their efficiency and thus, respond to customers more efficiently. To do so, they need to have the right technology and Microsoft's commitment to the financial industry is to partner with leading financial technology firms to develop empowering solutions. WealthCraft's gateway application, which is built using BizTalk Server, offers financial institutions a secure and reliable platform and help them meet their clients' needs now and in the future."
"In addition, the WealthCraft solution can consolidate statements and
manage consolidated customer portfolios, enabling financial advisors to spend
more time in value-added customer service rather than compiling statements,
and provide more opportunities to cross-sell to existing customers," said
ATOMS Product Manager,
Detailed product information is available at
http://www.wealthcraft.com/Solutions/ATOMSEnterpriseforSWIFTNetFunds.aspx
About WealthCraft
WealthCraft Systems Inc. (OTCBB: WCSY) headquartered in Hong Kong SAR, is the parent company of WealthCraft Systems Ltd, an information technology company that designs, develops, markets and supports a flexible, scalable and secure technology platform for wealth management services to financial institutions, including investment advisory firms, securities brokerage firms, retail and private banks, mutual fund companies and insurance companies.
WealthCraft's Advisor Workbench enables professionals to develop their wealth management business while its ATOMS Order Management provides an integrated back-office system providing order execution, order management and portfolio and commission management. WealthCraft's products facilitate seamless implementation of the industry standard SWIFTNet Funds solution for automated mutual fund transactions.
ING Platform Services is part of ING Group, a global financial services
company which offers banking, investments, life insurance and retirement
services to over 85 million clients around the world, including
All product and company names herein may be trademarks of their respective owners.
This news release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on WealthCraft management's current expectations and are subject to risks and uncertainties and changes in circumstances. All forward- looking statements included in this press release are based upon information available to WealthCraft as of the date of the press release, and it assumes no obligation to update or alter its forward-looking statements whether as a result of new information, future events or otherwise. Further information on risks or other factors that could affect WealthCraft's results of operations are detailed in the filings of WealthCraft with the SEC.
For more information, please contact: Investor Contact: Mr. Cliff Harkins WealthCraft Systems Limited Tel: +852-3586-8232 Email: cliff.harkins@wealthcraft.com Media Contact: Ms. Jennifer Shay Upstream Asia Limited Tel: +852-2973-0222 Email: Jennifer.shay@upstreamasia.com
SOURCE WealthCraft Systems Limited