HSBC Corporate Investment Banking Markets announced Tuesday it will join SunGard’s AvantGard e-Treasury eXchange network.
The alliance will provide HSBC customers who use SunGard’s treasury workstation software with a single seamless window to the Bank’s global payments and cash management solutions for real time and batch payment execution as well as account balance information and transaction reporting, according to a statement from HSBC.
The new AvantGard-ETX capability will help users achieve higher levels of straight through processing (STP) for their payment transactions and associated financial reporting. The automated integration of financial reports into a customers’ cash position will provide accurate and timely information to treasurers, helping them better optimise their cash positions.
Marcus Treacher, head of Global Transaction Banking e-Strategy said the company’s new client to bank interface will assist corporate customers in achieving their operational and financial objectives.
“We are delighted to welcome HSBC as a strategic partner onto AvantGard-ETX,” said Martin Boyd, executive vice president EMEA of SunGard’s AvantGard business unit. “We believe this will help increase the delivery of services to our mutual customers as well as increase the range of services we are able to offer to SunGard customers.”