Axletree Solutions Partners with Pinnacle Solutions to Offer International Core Banking and Trade Finance Applications
New York, NEW YORK – March 3, 2011 - Axletree Solutions, a global leader in providing fully managed end-to-end SWIFT connectivity solutions, and Pinnacle Solutions Incorporated (PSI), provider of the Synergy suite of banking and trade services software, announced today the availability of Synergy suite on Axletree’s Service Bureau.
Synergy is a web-based suite of integrated banking applications for payments, accounts, cash management, loans and deposits, trade services, and for corporate treasury multi-bank trade services application. Synergy is now available on Axletree’s hosted SWIFT connectivity platform, providing customers with a complete, secure, outsourced, SaaS solution for:
International payments via SWIFT
DDA (current account) processing with SWIFT intraday and end of day statements
Money market lending and deposits with SWIFT confirmations and payments
Trade Services with SWIFT connectivity for inbound and outbound, including MT798
Corporate Trade Services with SWIFT connectivity including MT798
Foreign Exchange with SWIFT confirmation and payments (available 2012)
“Axletree’s partnership with Pinnacle Solutions can add tremendous value to our banking customers. With Synergy part of our unique Marketplace of hosted value added solutions, banks can now avail core banking and SWIFT connectivity services through Axletree” said Mohan Murali, President -Axletree Solutions. “This absolutely delights us; we now complete the circle on the service offering to banks.”
About Pinnacle Solutions
Pinnacle Solutions Incorporated (PSI) is serving international financial institutions since 1992. PSI delivers consultancy and software solutions in the areas of payments, trade services, cash management (DDA and Nostro), foreign exchange, money markets, lending and credit facilities, customer risk management and systems integration. Synergy is PSI’s suite of banking applications providing back-office support for payments, SWIFT messaging, DDA/Nostro accounts, loans and deposits, trade services, bank customer LC front-end and multi-bank corporate LC. Synergy is operational in over twenty countries. For more information please visit http://www.psi-nj.com/.
About Axletree Solutions
Axletree Solutions is one of the most trusted and specialized provider of SWIFT connectivity solutions to Fortune 500 corporations and banks worldwide. Turnkey SWIFT connectivity is Axletree’s core solution that enables clients to streamline bank communication, lower costs and improve efficiency through automation and real time information. Axletree also provides value added solutions that enhance STP such as Cash and Balance Reporting, Format Translation, Regulatory Compliance, Exceptions & Investigations and Integrated core banking solutions. Axletree operates four global data centers across New Jersey, The Bahamas, Pennsylvania and Uruguay with all systems being “Always On” to ensure minimal disruption of services. For more information please visit http://www.axletrees.com/