California-based Cape Clear has announced plans to provide Web Services-based technology to financial institutions and their partners trading over the interbank Swift network.
Annoucing the company's invovlement in the Swift partner solutions initiative, David Clarke, senior vice president at Cape Clear Software, says the economics of automating trading applications is changing: "Where previously the investment required to integrate applications was prohibitive to all but the largest institutions, Web Services is heralding a new connected business environment, where application integration is widely accessible and where financial institutions, traders, and funds can share data and transactions."
Privately-held Cape Clear's products link packaged business applications, such as ERP and CRM, and diverse technologies, such as Java, J2EE, Corba, and Microsoft .NET, across intranets and the Internet.