OCBC Uses Braid For Swift STP Connectivity
STRAIGHT THROUGH PROCESSING
OCBC Asset Management, a division of Singapore bank OCBC, has completed the first phase of straight-through-processing connectivity with the Swift financial network in a project engineered by UK-based Braid Systems, which installed its messaging middleware on three key sites.
OCBC executives decline to comment on the installation, but Braid's regional director Wayne Meikle says: "We provide to OCBC the capability to automate their asset management message flows."
The project began in earnest at
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