SWIFT, a financial messaging services provider that aims to be a leader in global banking standardization, has announced a new API standard for pre-authorization of funds. This new standard, which aims to simplify payment authorization, is the second standard proposed by the company this year.
Profile Software, a banking and investment management solution provider, has launched Acumen-net eFX. The new solution allows banks and their clients to access and manage risk associated with foreign exchange. The new offering builds on the company's existing treasury management platform.