Logica and Tibco Expand Financial Messaging Solution
Logica has partnered with Tibco to bring to market a 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.
This partnership combines Logica’s Fastwire Open hub with Tibco’s business integration and messaging middleware technology, Tibco ActiveMatrix BusinessWorks, and Tibco Enterprise Message Service. The new solution can be integrated with existing back office systems and is capable of handling over five million SWIFTNet FIN MT or MX messages per day.