Microsoft and Capco Announce Global Straight Through Processing Communications Using Microsoft .NET
Microsoft Corp. and Capco, the global services and technology solutions provider, have announced an alliance designed to ‘transform the way financial institutions communicate’. The two companies are due to unveil the first comprehensive solution for straight through processing (STP) to the global capital markets sector. ‘We’re delighted to be working with Capco because of its expertise and reputation within the financial services industry. Capco’s new STP Bridge solution is a terrific example of how the Microsoft® .NET approach to XML Web services can literally transform the way an industry serves its customers, providing businesses with the agility to respond to their rapidly changing business landscape,’ said Bill Hartnett, general manager of financial services at Microsoft.