News 07/10/09

OpenLink Findur sites use Trace Financial for SWIFT messaging

Trace Financial today announced that five more of OpenLink’s Findur clients have signed for the SWIFT processing provided by Cloverleaf®finance, bringing the total to thirteen. New clients include Europe Arab Bank and TUI Travel.

New York based OpenLink’s Findur is a treasury trading and risk management solution used by many financial institutions. In 2002, in response to client demand for SWIFT functionality, OpenLink  investigated the market and selected Trace Financial as its preferred partner.

Cloverleaf®finance was chosen for its proven track record of resilience  in mission critical environments. The solution provides bi-directional transformation between Findur formats and a wide range of SWIFT message types, connectivity to SWIFT gateway devices and interface monitoring tools.

Kevin Hesselbirg, CEO of OpenLink remarked, “We are extremely pleased to have a long-standing relationship with Trace Financial. As we progress with this alliance, by combining the functionality of Findur and Coverleaf®finance, we continue to provide our clients with market-leading, unsurpassed functionality.”

John Murphy, M.D. of Trace Financial commented “A complex challenge has been solved for these clients by the collaboration between two companies committed to customer service. Major clients in many countries are the beneficiaries of this approach and of our ongoing support for evolving SWIFT standards.”