Bank of England Accredits Simplex / Sterci
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Enquiry Link Solution |
LONDON - 9 July 2010: Simplex, the market leading global transaction services provider, has been formally accredited by the Bank of England as a provider of SWIFT-based Enquiry Link solutions for the central bank.
All account holders (including reserve account holders) must have access to the secure, SWIFT-based Enquiry Link service, owned by the Bank of England. This enables account holders to monitor activity on, and receive information about, their account(s) in the Bank's Real Time Gross Settlement (RTGS) Processor, and in certain circumstances to transfer funds between accounts.
The unique Global Super Bureau - jointly provided by UK-based Simplex and Swiss-partners Sterci S.A. - is a comprehensive and proven global platform providing best-in-class solutions including a full suite of transformation, reconciliation and management services for financial data, enabling peerless straight-through processing in a network and bank agnostic environment.
This Global Transaction Platform delivers an architected solution for the Bank of England. It provides fully secure connectivity to the BoE Enquiry Link service and enables institutions holding accounts in RTGS to participate as a settlement bank in any of the interbank funds transfer schemes for which the Bank acts as settlement agent; and/or as a member of the Bank's Reserves Scheme (which since 2006 has been part of the operational framework for delivering the Bank's monetary policy decisions).
Philip Walsh, Chief Executive of Simplex, stated: 'The Bank of England accreditation for the Simplex/Sterci Global Transaction Platform Enquiry Link solution demonstrates yet again Simplex's market positioning in offering superior compliance solutions and transaction services to the world's largest and most demanding customers.'
About Simplex / Sterci
Simplex was incorporated in 1997 and quickly became a leading European consultancy for STP and business process re-engineering, in both banking and securities. In 2004 Simplex launched the UK's first independent SWIFT Service Bureau and building on this, the company created a sophisticated global transaction processing platform based on best-of-breed solutions.
Sterci is an international leader in the development of service-oriented architecture software products for Straight Through Processing. With over 25 years of experience in financial messaging, Sterci's best-of-class solutions include a full suite of reconciliation and management services for financial data. Sterci is an official SWIFT partner and is fully ISO 9001 certified by SQS. Sterci is headquartered in Geneva with a direct presence in France, the UK, Canada and Singapore.
In March 2010 Simplex and Sterci launched the Simplex Super Bureau - a unique platform designed to meet the financial transaction needs of global financial institutions, corporations and investment firms. The combined Simplex/Sterci Global Transaction Platform services more than 240 banks, financial institutions and corporate accounts spread across 17 geographies. Clients include HSBC, RBS, the Bank for International Settlements, JPMChase, Euroclear, GLG, Dexia, Lloyds Banking Group, Crédit Agricole Suisse, Saudi Arabian Monetary Agency, Swiss National Bank, BNP Paribas Services, Swissquote, Union Bancaire Privée, Banque Privée Edmond de Rothschild.
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