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Payments General

AFEX partners Ascent Software to improve its payment processor technology

Thursday 7 December 2017 | 01:24 PM CET

AFEX, a non-bank provider of global payment and risk management solutions, has partnered with Ascent Software, to enhance Trident Connect, its pre-payment and post-payment software.

Used by financial services firms globally, Trident Connect is designed to electronically automate the manual process of preparing, validating and approving local and international payments, eliminating operational risk by routing payments through the organisation’s signatory workflow and compliance processes.

It also integrates with multiple banks directly or via SWIFT to execute payment instructions and download transactional data, performing a three-way reconciliation between the banks, itself and the accounting system.

The partnership between AFEX and Ascent simplifies this process by incorporating real-time foreign exchange to the payment process through AFEX’s API, helping organisations that need to carry out a significant number of payments, locally and internationally each day.

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