BearingPoint Picks Fundtech For CLS Links in Korea
CONNECTIVITY
SEOUL--Consultancy BearingPoint will be using a continuous-linked settlement (CLS) application from Fundtech as the basis for a utility through which Korean banks will use the CLS service for foreign exchange (FX) transactions when the Korean won goes live on the service in Q4.
BearingPoint, which recently won the contract to build the utility, will use settlement and cash management software provider Fundtech’s PayPlus for CLS as the core application for the new service, according to James
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