Trema Launches Settlement HUB to Automate Connectivity
Trema, the financial technology provider, has announced the launch of Settlement HUB, an Enterprise Application Integration (EAI) tool which enables financial institutions to interface their financial applications with banks and settlement and payment systems. Settlement HUB also facilitates interfaces with proprietary applications for the exchange of confirmation, settlement messages and other business events. Settlement HUB is used to send confirmation and instruction messages across a communications network through a fast, highly reliable and secure network. As a stand-alone solution which integrates to the back office of Finance KIT – Trema’s integrated asset and fund management solution – Settlement HUB delivers standard rules for payment, confirmations, cash and paper transfers, as well as custody transfers using SWIFT compliant messages.