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CheckFree Partners with Kedrios and Offers Complete Straight Through Processing Solution to Three It

Friday 27 February 2004 13:07 CET | News

CheckFree Financial and Compliance Solutions, a business unit of CheckFree Corporation, has announced three new client wins for Kedrios, a CheckFree business partner and Italys leading provider of outsourced middle and back office services. Abax, Duemme, and Pictet are among the latest leading brokerage and investment management houses who have started using Kedrios BON service for which CheckFrees TradeFlow TPM provides straight through processing (STP) functions. Kedrios, an application service provider and information technology consultancy services provider, complements its product selection by offering TradeFlow TPM functionality to its bank, asset management and broker client base. The cooperation with CheckFree allows Kedrios to provide its customers with a complete end-to-end STP solution, and full connectivity to the SWIFT network. With a high number of clients and solutions supported on the BON service solution, the flexibility of the TradeFlow solution was a major influence in Kedrios decision to partner with CheckFree. In addition, customers benefit from the TradeFlow module by avoiding the expense of developing in-house technology - leading to additional cost savings. CheckFree strengthens its alliance of international business partners, by continuing to expand into the Italian market with Kedrios, a company with extensive specialist local knowledge.

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Categories: Payments & Commerce | Payments General
Countries: World
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