The new release enhances Misys’s existing interbank matching portfolio, which includes foreign exchange, money markets, FX options and metals. It aims to allow banks to benefit from increased automation and improved risk management, which will reduce manual processes such as fax, telephone and email confirmation.
The latest technology allows banks to send confirmations to each other over the Swift network. The subscribing bank authorises Swift to copy inbound and outbound confirmation messages for the required instrument into Misys CMS. This is done using the Swift FinInform service and messages are only visible to the subscribing bank.