|[April 30, 2014]
Major Global Bank Selects Kapow Enterprise to Streamline Post-Trade Processing
IRVINE, Calif. --(Business Wire)--
Kofax® Limited (NASDAQ: KFX)(LSE: KFX), a leading provider of
smart process applications for the business critical First Mile™
of customer interactions, today announced that one of the largest
banking and financial services firms in the world has chosen to use Kapow
Enterprise to improve its online trading platform.
The bank has been using Kofax
Optitrade to process bond trades for fixed income customers. Kapow
Enterprise will be used to create a straight-through post-trade process
that will speed confirmation notices and reduce manual intervention and
exception handling in order to increase operational efficiencies, reduce
costs and mitigate risk.
"This bank's progressive moves to implement state-of-the-art technology
for automating post-trade interctions will allow them to more
efficiently manage an increasingly high volume of customer transactions
in less time," said Howard Dratler, EVP of Field Operations at Kofax.
"This is the goal of every innovative company that needs to ensure their
resources are properly allocated to customer-facing interactions and
maintaining a competitive advantage."
The sale was comprised of approximately $190,000 in software license
revenue and $100,000 in maintenance and professional services.
Kapow Enterprise is the only data integration platform to provide near
real-time application integration and process automation offering both
traditional API level integration capabilities as well as an innovative
"Synthetic API™" approach, which provides businesses with an agile
"point and click, no coding" approach.
Kofax Optitrade provides optimized trade management solutions for
financial services firms. This includes financial message handling,
transaction matching, reconciliation and workflow solutions. Optitrade
enables brokers and investment managers to manage, monitor and measure
securities and cash transactions across their businesses.
Kofax is a leading provider of smart process applications for the
business critical First Mile of customer interactions. These begin with
an organization's systems of engagement, which generate real time,
information intensive communications from customers, and provide an
essential connection to their systems of record, which are typically
large scale, rigid enterprise applications and repositories not easily
adapted to more contemporary technology. Success in the First Mile can
dramatically improve an organization's customer experience and greatly
reduce operating costs, thus driving increased competitiveness, growth
and profitability. Kofax software and solutions provide a rapid return
on investment to more than 20,000 customers in financial services,
insurance, government, healthcare, business process outsourcing and
other markets. Kofax delivers these through its own sales and service
organization, and a global network of more than 800 authorized partners
in more than 75 countries throughout the Americas, EMEA and Asia
Pacific. For more information, visit kofax.com.
© 2014 Kofax Limited. Kofax is a registered trademark and First Mile,
Synthetic API and Kapow are trademarks of Kofax Limited.
Source (News - Alert): Kofax
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