Julius Baer private bankers in Zurich, an asset management and investment counselling firm, went live with Stematch, a STP software development group, for payment reconciliation and Forex & Money Market confirmation matching. The securities reconciliation will be go live using the same matching engine within the next two months.
“When we had to renew our Nostro mainframe reconciliation software, we were looking for a global reconciliation application able to closely link with our existing payment and treasury infrastructure,” said Roman Kessler, first vice president of Julius Baer, “With Sterci and Stematch we have found a flexible partner able to easily integrate our requirements.”
Apart from the headquarters in Zurich, Julius Baer also has offices in Geneva, Frankfurt, London, Milan, New York and Hong Kong, and the company employees over 2000 workers. Sterci has more than 100 banks in 10 countries, and the company’s solutions for STP includes Stelink financial messaging EAI and Stematch global reconciliation.