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Odyssey Financial Technologies, a global provider
of private wealth and asset management solutions and services, is pleased to
announce a new partnership with Incentage, a Swiss software provider of Straight
Through Processing (STP) solutions for the financial industry. With this partnership,
Odyssey launches its new Custodial Data Solution and includes it in its Portfolio
Management solution, the Triple’A Plus™ platform.
Odyssey's Custodial Data Solution receives positions, transactions and cash
data from Global custodian banks that provide electronic feeds. It duplicates
this data in a common, scalable format and reinforces operational efficiency.
Asset Managers can then consolidate account level information from different
custodians into Odyssey Portfolio Management modules to generate value for their
clients and boost their business.
“The solution powered by Incentage CapitalBus acts as a single access
point interface between the Odyssey platform and the custodian banks. We’ve
chosen Incentage because of its in-depth knowledge of the communication standards
industry and its expertise, and because of the cost-effective extension its
solution allows in a much shorter time-to-market,” explains Quentin
Bérard, Product Manager, Odyssey Financial Technologies.
Leading custodial banks are clearly interested in the solution since it increases
their service level to asset management firms.
“Partnering with Odyssey will allow us to extend the reach of our CapitalBus
solution. Odyssey’s leadership position in Switzerland and beyond will
enable us to approach new clients and markets with a high quality solution and
reinforced services,” says Felix Huber,
CEO of Incentage.
It is foreseen that Odyssey and Incentage’s partnership will be extended
in the future to developing new STP solutions that will provide additional value
to both clients.
About Incentage
INCENTAGE, a Swiss company based in Fehraltorf/Zurich, is a worldwide leader
in EAI (Enterprise Application Integration) solutions for the financial services
industry. The SWIFT Gold accredited, platform-independent INCENTAGE Middleware
Suite (IMS) enables clients to participate in business communities and integrate
all applications throughout the company without the need for programming. The
INCENTAGE Process Cockpit (IPC) is a realtime business activity control and
monitoring system that gives its users unprecedented control over processes,
message flows, infrastructure components and operational risks. INCENTAGE has
clients throughout the world and has a global network of partners. INCENTAGE
is a SWIFT Regional Partner (formerly Business Partner). For further information,
please visit: www.incentage.com.
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10-Sep-2008
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