TWIST, the Treasury Workstation Integration Standards Team, a group of fifteen global companies, announced that it has published the second version of an open standard interface at www.twiststandards.org. To complete the second version, TWIST has been working in alignment with the FpML FX Products Working Group to facilitate straight-through processing (STP) by the integration of treasury systems with foreign exchange (FX) trading platforms. TWIST also announced Reuters and tapX as new members and that it is working with SWIFT to encourage harmonization of emerging standards.
SunGard eProcess Intelligence, an operating unit of SunGard, announced the release of version 7.0 of its intelliMATCH automated matching and reconciliation solution. intelliMATCH provides financial institutions with the ability to capture, monitor, match and control transactions systematically. intelliMATCH 7.0 offers users:
-- Case Management - which assigns cash and trade exceptions to a specific user or department
-- Data Enrichment - a new feature to improve auto-matching rates by sharing information from one transaction type to another in order to link related balance pools.
-- Job Scheduling through Event-Driven Processing - an added feature which automatically runs scheduled jobs when a pre-defined 'system event' occurs.
-- Time-based Groups - designed to improve intra-day reconciliation. It allows prioritization of reconciliation based on the length of time an item is outstanding.
JPMorgan has announced that the $4.2 billion Prudential Staff Pension Scheme has appointed JPMorgan Investor Services Europe, Middle East and Africa (EMEA) as its global custodian. Additionally, services will include their investment accounting service. The Prudential Staff Pension Scheme is a defined benefit, final salary scheme for employees of Prudential and is among the top 50 schemes in the UK. In the last 12 months there have been substantial changes in their investment managers from one balanced manager to six specialized managers covering UK, European, US and Far East equities plus property investments and Venture capital.
New York-based Encompys, a provider of integrated, global straight-through processing (STP) solutions, has announced appointments for its top management positions. George Trumbull has been appointed Encompys Chairman and James Honohan has been appointed Encompys President. Mr. Trumbull was chairman of CIGNA Mutual Funds from 1988 to 1992 and most recently served as CEO of AMP, Ltd., Australia's largest insurance and asset management company. Mr. Honohan, a 20-year veteran of Accenture who oversaw the firm's investment management practice, is the visionary behind Encompys.