Allianz Global Investors France has selected the Sterci collection of applications for straight-through processing (STP).
The collection of products includes KEYdata for centralising data management and data feeds, Stematch for reconciliation of cash and securities positions, and Steform transformation engine in compliance with SWIFT.
“The market instruments data management and the automation of communication flows are at the heart of our Information System. The continuous standard evolution, the regulatory compliance issues, and the need to reinforce controls has lead us to search for packaged solutions. Sterci have been selected as a strategic partner for this project because they proposed a consistent suite of products that can be easily integrated to our existing environment,” says Jean-Marc Voisin, head, IT Allianz GIobal Investors France.
“We are happy that Allianz Global Investors France, after a deep review of market offerings in this field, has finally selected Sterci. The flexible and scalable Sterci technology will help Allianz GI France to reduce risks as they face increasing volumes, and the growing complexityof market instruments,” adds Philippe Modai, Sterci country manager.