SWIFT has selected SmartStream Technologies to evolve Accord, SWIFT’s confirmation matching engine.
As part of the agreement, SmartStream will provide a number of underlying components of the updated Accord platform, including elements of the Transaction Lifecycle Management solution suite.
Philippe Chambadal, CEO of SmartStream Technologies, said: “The combination of SmartStream’s sophisticated matching and integration solutions, SWIFT’s security and availability credentials and our joint experience in the global matching arena, will allow us to deliver together a highly efficient service.
"We’re excited to see our products leveraged in this way, creating an industry owned, market leading confirmation service which will support clients and communities in need of a common matching platform as they seek to control the cost and risk of trading a broader array of products in increasing volumes.”
The first release of the new Accord platform will be launched in early 2014 with further releases to follow.
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