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By Jacques Maritz
6 August 2020

Fundamental announces seamless integration with SWIFT network

With increasing numbers of Banks, Custodians, and Brokers in the Financial Industry, it has become increasingly difficult for Investment Managers and third-party administrators to develop and maintain institution specific communication channels.  FPM now offers the ability to seamlessly send and receive ISO standard SWIFT MT messages via SWIFT Alliance Lite2, a cloud solution offers bank-agnostic solutions enabling connectivity to thousands of financial institutions around the world. Messages supported by FPM include Broker confirmations for near real-time trade matching to allow sending T+0 settlement instructions. Also Settlement Instructions to Custodians, Banks statements for cash reconciliations and Custodian holdings for Script reconciliations.