Logica leverages TIBCO partnership to expand in financial messaging

Logica, a leading business and technology service company, today announced that it is partnering with TIBCO to bring to market a new financial messaging solution based on FASTWIRE Open, its network independent messaging platform. The partnership addresses the needs of large financial institutions with disparate legacy systems and multiple SWIFT interfaces that handle high volumes of messages.

Tim Brew, market development director, for Logica’s Global Products Business, said “Large financial institutions have to process increasing messaging volumes while decreasing the cost per message. Our partnership with TIBCO will provide our customers with the best of both worlds. Our joint solution can process over five million messages per day on a single hub, significantly reducing the banks’ costs. At the same time, it enables global banks to consolidate multiple legacy systems into a modern and flexible architecture that will facilitate future business growth.”

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 is highly scalable, can be easily integrated with existing back office systems and is capable of handling over five million SWIFTNet FIN MT or MX messages per day. It offers value-added services such as comprehensive transaction auditing, monitoring, and reporting capabilities.

Fabio Pulidori, Senior Vice President, EMEA, TIBCO Software, said: “We are pleased to partner with Logica and bring to market this innovative proposition. Our existing customers, including some of the world’s biggest financial institutions, will now be able to benefit from an end-to-end financial messaging solution that features a direct gateway to SWIFT.”

NOTES TO EDITORS

Logica is a business and technology service company, employing 41,000 people. It provides business consulting, systems integration and outsourcing to clients around the world, including many of Europe's largest businesses. Logica creates value for clients by successfully integrating people, business and technology. It is committed to long term collaboration, applying insight to create innovative answers to clients’ business needs.

Logica is listed on both the London Stock Exchange and Euronext (Amsterdam) (LSE: LOG; Euronext: LOG).
More information is available at www.logica.us

To know more about Logica GPB, visit: www.logica.com/we-work-in/financial-services/financial-services-products/

About FASTWIRE Open

FASTWIRE Open is Logica’s high-end, network independent messaging platform. Based on Logica’s proven service-oriented architecture, it delivers high performance and relaibility with modern low cost infrastructure. It processes and routes all message types including payments and securities messages in SWIFT, ISO, XML and properiertay formats – enabling banks to choose the most cost effective route and eliminate unescessary transaction fees.

Press contact

Jack Deacon
Metia for Logica – Global Products Business
Tel: +44 (0)20 3100 3572
Email: jack.deacon@metia.com