CheckFree Launches Transaction Process Management Solution
CheckFree Software has launched TradeFlow TPM 2.0, a transaction process management solution. With this software platform, CheckFree hopes to enable global securities firms to manage transaction processing across an enterprise via a single straight through processing (STP) hub. TradeFlow TPM 2.0 is a next-generation STP solution that combines messaging, workflow and exception management capabilities in a single, integrated, technology platform. The company said that TradeFlow TPM 2.0 would enable global securities firms to manage the entire post-trade securities process across multiple departments and regions in real-time. CheckFree said that using the solution as a global financial messaging hub, securities firms could improve operational efficiencies and reduce the risk of settlement failure, while maximizing their intra-day assets through real-time positions management.