Bank of England has authorized Simplex, a provider of transaction services, as a provider of SWIFT-based Enquiry Link solutions.
Simplex said that the link enables account holders to monitor activity on, and receive information about, their accounts in the Bank of England’s Real Time Gross Settlement (RTGS) Processor, and in certain circumstances to transfer funds between accounts. All account holders (including reserve account holders) must have access to the secure, SWIFT-based Enquiry Link service, owned by the Bank of England.
According to the Simplex, Global Super Bureau, a jointly developed platform by Simplex and Swiss-partners Sterci, offers solutions including a full suite of transformation, reconciliation and management services for financial data, enabling peerless straight-through processing in a network.
Simplex added that the global transaction platform delivers an architected solution for the Bank of England. It provides a secure connectivity to the BoE Enquiry Link service and enables institutions holding accounts in RTGS to participate as a settlement bank in any of the interbank funds transfer schemes for which the bank acts as settlement agent; and/or as a member of the bank’s reserves scheme (which since 2006 has been part of the operational framework for delivering the Bank’s monetary policy decisions).
Philip Walsh, chief executive of Simplex, said: “The Bank of England accreditation for the Simplex/Sterci Global Transaction Platform Enquiry Link solution demonstrates yet again Simplex’s market positioning in offering superior compliance solutions and transaction services to the world’s largest and most demanding customers.”