BoC in London Gets the paperless Message

Adams, John
March 2011
Bank Technology News;Mar2011, Vol. 24 Issue 3, p13
Trade Publication
The article focuses on the benefits of automated processing in the Bank of China Ltd. in London, England using Informix and Centric software from Centric iSolutions. It says that the new solution saves paper and limits the need for manpower. It states that the electronic processing assures on-time settlement of transactions and avoid message penalties. Eileen Dignen of Society for Worldwide Interbank Financial Telecommunication (SWIFT) adds that direct information flow should also be considered.


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