NexorOne Banking Platform Now Comes in Under the Wire

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NexorOne's banking software, which helps run private international banks, offshore financial institutions and payment processing companies, will now benefit from the wire transfer and secure messaging system of Eurowire.

We're now able to merge together the leading platform for banking and the best in payment processing and secure messaging services. It's an important step to meet the needs of our institutional customers.

NexorOne (http://www.nexorone.com) announced Friday that its banking platform will integrate with Eurowire (http://www.eurowire.cc), allowing customers to pass on international wire instructions and other customer orders directly from the software. Both NexorOne and Eurowire believe the refined system will help ease the process for private and offshore banks, as well as eliminate many instances of delays and human error.

The collaboration was a natural next step for NexorOne and Eurowire Data of Panama and Eurowire Clearing Corporation in the Cayman Islands. "So many financial institutions that use our platform also use Eurowire," says NexorOne CIO Remy Swaab. "We're now able to merge together the leading platform for banking and the best in payment processing and secure messaging services. It's an important step to meet the needs of our institutional customers."

The Eurowire system integrated inside the NexorOne platform can be utilized for sending and receiving international SWIFT payments through a secure online interface, as well as to exchange encrypted messages with other financial institutions in real time. But while the integration will make it easier for customers to carry out such transactions, they will not be limited to one carrier.

"Let's face it, we're a perfect match," says Michael Magnusson, CEO of Eurowire Data in Panama. "But even though the NexorOne-Eurowire collaboration is a natural development, we'll continue to ensure that one system does not depend wholly on the other. We believe strongly that Eurowire member institutions should always have the choice to use any banking platform they want, just as NexorOne users should not be obligated to utilize the clearing services provided exclusively by Eurowire."

In the eyes of both companies, the integration is simply a way to further assist the growing number of institutions already choosing to use both platforms.

NexorOne, developed by Overseas Clearing Corporation and headquartered in Panama City, is a leading secure Internet platform for small- and medium-sized private and offshore financial institutions. Caribbean-based Eurowire Clearing Corporation provides secure wire transfer clearing and messaging for participating financial institutions.

More information is available on the companies' websites, http://www.nexorone.com and http://www.eurowire.cc.

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