Calastone, the independent cross-border transaction network for the mutual fund industry, is pleased to announce that Intunity has selected Calastone as preferred Network to connect the Vantage Superstream Gateway to the SuperStream Network.
Connection to the Calastone Network will provide Intunity’s Vantage SuperStream Gateway clients with a highly available, proven service that will act as their public facing end-point to the SuperStream network.
Joe Brasacchio, Intunity Partner, said the connection would provide a seamless experience for Intunity clients.
“Intunity already offers a very easy out-of-the-box system for superannuation providers to comply with the new SuperStream regulations,” he said. “Offering additional connectivity to Calastone rounds out this offer to create a complete solution for our clients’ needs, enabling them to reduce both risk and cost, and focus on value-add services for their members.”
Kevin Lee, Joint Founder of Calastone said Intunity’s decision to utilise Calastone’s tried and tested global messaging Network Service demonstrated the value of a best of breed approach.
“We have had tremendous reception from the fund management community since our launch 13 months ago,” he said. “The addition of firms such as Intunity demonstrates the relevance of Calastone to all stakeholders in the funds industry, including specialised technology providers as well as the funds themselves.”
Calastone’s Transaction Network & Gateway enables organisations; employers, payroll providers, clearing houses, administrators and funds to communicate contributions and rollovers electronically by providing a universal message communication and translation service. It’s a single connection to the market.
Intunity’s Vantage SuperStream Gateway is a cost-effective solution for the market. The adoption of a best of breed ebXML Messaging Service (ebMS) solution provides a secure, reliable and flexible connection point to the SuperStream Network Vantage SuperStream Gateway will address organisations compliance to SuperStream and will provide a platform for the future that can be adapted to a business transaction lifecycle management solution to optimise operations with straight through processing.
