Fundtech and Open Solutions say they are now offering electronic bank account management (eBAM) over the SWIFT network. The technology allows users of Open Solutions’ browser-based electronic bank account management platform, Weiland BAWeb, to exchange eBAM messages with their banks securely through SWIFT. It will automate opening and closing accounts, managing signatories and obtaining account information. Open Solutions says the product will allow clients to close the audit gap between their company’s records and the bank’s.
Longview Solutions says it has created an enhanced version of its enterprise software to simplify the way companies collect tax data. The tax-provisioning software, Longview Tax, provides automatic roll-up of consolidated data and pre-built standard reports and integrates into Microsoft Office and SharePoint. It aggregates and analyzes high volumes of data and has dynamic reporting, foreign currency translation and web data collection.
Thomson Reuters says it is rolling out the latest version of its ONESOURCE Indirect Tax software suite. The software assists companies in dealing with changing and complex indirect tax and value-added-tax regulation for customers in 160 countries. Thomson Reuters says the software makes filings more accurate and easier to manage through new features like an enhanced user interface and new logic for calculating Brazil ICMS tax substitution.
Tullet Prebon and Integral say they are launching a spot foreign exchange platform, tpSPOTDEAL, in beta. The platform offers anonymous trading with a prime broker and ha 10 liquidity providers making two-way prices. Tullett Prebon says the spot platform enhances its existing spot FX model but is free for end users.