FundsMX(TM) is a cost effective 'one-stop' link enabling automation of
mutual fund transactions such as subscriptions, redemptions and switch orders
across an extensive global network of fund houses through SWIFTNet. It
provides direct access to a comprehensive range of local and off-shore
investments, including the majority of
Decillion is a niche banking I.T. company providing 'best of class'
payment systems, banking applications and straight through processing (STP)
solutions to financial institutions across the region. It is the official
SWIFT Business Partner for
Financial institutions including banks, brokers, dealers and investment managers simplify the management and maintenance of their IT and communications infrastructure through the SWIFT Service Bureau.
WealthCraft CEO
He said: "As the region's mutual funds sector continues to grow dramatically, automation is becoming increasingly urgent.
"
"Automation also enables financial advisors to spend more time in value-added customer service rather than faxing orders and compiling statements.
"FundsMX(TM) is a cost effective automation option as it is based on a software-as-a-service model.
"Fund distributors do not pay for owning the application, but only for using it. It is an extremely attractive solution for fund distributors to use SWIFTNet Funds messages to place orders with minimal cost and effort.
"In this way, fund houses may still enjoy the benefit of straight through processing even though their own trading systems are unable to process SWIFTNet Funds messages natively."
Decillion CEO
"SWIFT messaging and integration solutions greatly improve the management and control of financial messaging."
Decillion's Service Platform extends to SWIFTNet Solutions, anti-money laundering, trade services and message transformation.
FundsMX(TM) was officially launched in
The platform also incorporates a portfolio management service with access to an automated, consolidated view of portfolio holdings.
For distributors who already have a mutual funds trading platform, WealthCraft's FundsMX(TM) industry standard web services can be used to send and receive SWIFTNet fund messages.
Distributors utilising proprietary file formats can easily and securely interface with WealthCraft's FundsMX(TM) where the data is automatically translated into corresponding SWIFTNet fund messages.
With a technical development centre in
As a SWIFTNet Funds automation fund solution inspirer, WealthCraft's
solution was the first live mutual fund straight through processing (STP)
trading system in
Headquartered in
SWIFT (Society for Worldwide Interbank Financial Telecommunication) is the industry-owned leader in global financial communication serving more than 8,100 leading financial institutions in over 208 countries.
Detailed solution information is available at http://www.wealthcraft.com
About WealthCraft
WealthCraft Systems Inc. (OTCBB: WCSY) headquartered in Hong Kong SAR, is the parent company of WealthCraft Systems Ltd, an information technology company that designs, develops, markets and supports a flexible, scalable and secure technology platform for wealth management services and financial institutions including investment advisory firms, securities brokerage firms, retail and private banks, mutual fund companies and insurance companies.
WealthCraft's Advisor Workbench enables professionals to develop their wealth management business while its ATOMS Order Management provides an integrated back-office system providing order execution, order management and portfolio and commission management. WealthCraft's products facilitate seamless implementation of the industry standard SWIFTNet Funds solution for automated mutual fund transactions.
All product and company names herein may be trademarks of their respective owners.
This news release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on WealthCraft management's current expectations and are subject to risks and uncertainties and changes in circumstances. All forward-looking statements included in this press release are based upon information available to WealthCraft as of the date of the press release, and it assumes no obligation to update or alter its forward- looking statements whether as a result of new information, future events or otherwise. Further information on risks or other factors that could affect WealthCraft's results of operations are detailed in the filings of WealthCraft with the SEC.
For more information, please contact: Investor Contact: Mr. Cliff Harkins WealthCraft Systems Limited Tel: +852-3586-8232 Email: cliff.harkins@wealthcraft.com Media Contact: Ms. Jennifer Shay Upstream Asia Tel: +852-2973-0222 Email: Jennifer.shay@upstreamasia.com
SOURCE WealthCraft Systems Inc.