Logica is partnering with TIBCO on a new financial messaging solution based on FASTWIRE Open, its network independent messaging platform. The partnership addresses the needs of large financial institutions with multiple existing SWIFT interfaces that handle high volumes of messages and are currently burdened with disparate legacy systems.
Tim Brew, market development director for Logica's Global Products Business, says: "Large financial institutions have to not only process increasing messaging volumes but also bring down the cost per message. Our partnership with TIBCO will provide our customers with the best of both worlds. Our joint solution can process over five million messages per day on a single hub, significantly reducing the banks' costs. At the same time, it enables global banks to consolidate multiple legacy systems into a modern and flexible architecture that caters for their future business growth."
The tie up combines the FASTWIRE Open hub with TIBCO's business integration and messaging middleware technology, ActiveMatrix BusinessWorks, and Enterprise Message Service.
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