A press release entitled, "Cachematrix Becomes Member of Global SWIFT Network," tells us, "Cachematrix (​www.​cachematrix.​com), the leading provider of money market fund, bank product trading and sweep technology for banks and financial institutions, announced today that it has successfully become a member of the global SWIFT network. Cachematrix has become a member of SWIFT, which is a member-​owned cooperative that provides the communications platform, products and services to connect more than 10,​000 banking organizations, securities institutions and corporate customers in 212 countries and territories. SWIFT enables its users to exchange automated, standardized financial information securely and reliably, thereby lowering costs, reducing operational risk and eliminating operational inefficiencies." Cachematrix CIO Matt Crooks comments, "Integrating directly with SWIFT further solidifies Cachematrix as a global leader of institutional liquidity solutions for banks and financial institutions. Our bank partners demand a wide variety of integration and settlement solutions depending on their strategic goals and technological needs. Rather than just supporting certain trading and settlement methods, like omnibus versus fully disclosed models, Cachematrix has always felt it is critical to offer a variety of solutions to cater to the market demand. As system integration experts, integrating directly with the SWIFT network was a logical next step towards strengthening our global presence. Our product solutions can now be customized to completely automate and streamline the trading processes wherever SWIFT is applicable." The release adds, "​Cachematrix can now offer banks a choice. Banks can either utilize Cachematrix'​s new SWIFT architecture, or, if they prefer, can leverage their own existing internal SWIFT infrastructure."

Your Name:
Your Email:
Recipient Email(s):

Use a comma or a semicolon to separate

Please retype symbols from the image:

Optional Message

Daily Link Archive