Standard Bank has licensed SunGard’s intelliMATCH for global matching and reconciliations across all of its branches and lines of business.
Standard Bank chose intelliMATCH as the reconciliation solution to help improve control and processing efficiency across the enterprise. The bank has licensed intelliMATCH to perform cash, securities, confirmations and generic data reconciliation.
Fred Manthe, IT manager-reconciliations at Standard Bank, said, “We chose intelliMATCH as our enterprise-wide reconciliation platform for its generic matching capability and ease of use. It presents clear business fit and effectively supports the groups’ consolidation and rationalisation strategy.”