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TradeBeam Holdings Inc. is partnering with Virtusa Corp. to provide on-demand global trade management (GTM) software and services to financial institutions worldwide. TradeBeam is a GTM software and services company. Virtusa is a global provider of information-technology services, including consulting, implementation and application outsourcing. Their new joint service is intended to help financial institutions acquire expertise in non-traditional service offerings with significant upfront investment and risk, the partners said. TradeBeam offers SWIFT-compliant integrations with banks' back-office systems, along with a flexible messaging framework that can interface with multiple systems. It provides a front-end option for banks considering applications such as open account and supply-chain finance processing. Customers can take advantage of expedited processing of transactions, with improved accuracy and security, according to the two companies.
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