CB.Net has entered partnerships with a number of software providers in the past month including Omicronn, ACE Software Solutions, Azdex and iMeta Technologies. Omicronn will be integrating CB.Net’s international payments directory service BankSearchPlus into its Trax STP Enrichment Software for use within its corporate and banking clients. ACE Software Solutions will be integrating the data into its STP Toolkit.
CB.Net has also entered a trilateral alliance with counterparty data provider Azdex and software supplier iMeta Technologies with the aim of providing a central repository of counterparty information. The initial offering will include details of over 200,000 entities and following proof of concept, the prototype functionality will be offered to market participants for testing. General release is scheduled for early 2005.
BankSearchPlus’ directory provides access to international payment data, covering over 77,000 Standard Settlement Instructions (SSIs) linked to 8,500 BICs and national bank sort codes for over 60 countries. Its components include IBANSearch, which validates and links IBANs to the issuing banks and their BICs and BIChistory, containing historical BIC data from the fourth quarter of 1999.