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AN OVERVIEW |
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At ACE we believe that change is constant. Our business and technologies are continually
evolving to keep up with the demands of a challenging yet exciting global marketplace.
Every day we empower ourselves to meet these challenges we face to ensure that our
custo-mers needs are served. In this way we will remain a world leader in AI (Artificial
Intelligence) based financial software solu-tions. We believe in empowerment and
the freedom to act on behalf of our customers. |
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PRESS RELEASE |
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ACE Software Solutions, Inc. |
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News Release |
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ACE’s PELICAN implements cost effective solution for bulk SWIFT processing at Rabobank |
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Increased volumes, improved control and scale |
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London and New York – 10 February, 2009
- ACE Software Solutions (www.acesw.com), a global provider of payment processing
products for the financial sector, today announced the contract to implement its
PELICAN™ payment processing platform at Rabobank in Utrecht, Netherlands.
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“We now have an opportunity to maximise the cost benefits of communication over the SWIFT network,” said Arno Schellekens, Head of Payments Operations, Rabobank.
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The Rabobank Group, a non-listed Dutch financial services provider founded on cooperative
principles, is a world leader in financing in the Food & Agriculture sector,
and is the largest retail bank in the Netherlands.
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Rabobank uses a wide
range of SWIFT services, covering the payments, securities,
trade and treasury business areas. In terms of FIN traffic, Rabobank is a top-100
user, and current usage of the Accord service makes the Rabobank one of its three
most active global participants.
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As a consequence of developments in business areas, market infrastructures and SWIFT
technology, Rabobank is set to meet a number of challenges. These challenges relate
to significant growth forecasts, higher standards of availability, the need for
servicing the full SWIFT-portfolio, and the necessity of accommodating all SWIFT
supported formats, particularly FileAct and XML.
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Added Parth Desai, CEO, ACE Software Solutions, “We are delighted that Rabobank
has chosen PELICAN to manage the new demands
of the European Payment market. We
believe it is the first of many financial institutions to recognise the need for
a higher level of service for all payments irrespective of value.”
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