Skandinaviska Enskilda Banken (SEB) has selected the Payplus for CLS solution from New Jersey-based Fundtech to manage its involvement in the interbank continuous linked settlement system.
The Fundtech software will be used by SEB to manage its CLS operation and obligations to the CLS Bank, as well as to offer third-party FX settlement services to other banks.
The Stockholm-based bank is the 18th CLS settlement member to implement Fundtech's Payplus for CLS package.