SunGard says intelliMATCH EP, its automated reconciliation and exception processing solution, has been awarded the SWIFT Ready Gold label for the fourth consecutive year.
intelliMATCH EP has been accredited for both Reconciliation for Securities and Reconciliation for Cash.
intelliMATCH EP, an automated exception processing solution, provides a matching engine and a common platform for the reconciliation of cash accounts, securities positions and movements, and trade confirmations and advice. It aims to identify , research, and resolve exceptions automatically within one platform. By allowing an institution to track the lifecycle of a transaction intra-day and in real-time, intelliMATCH aims to help users enhance cash and collateral management.
SunGard’s regular research provides benchmark statistics about the global banking industry’s implementation of straight-through processing (STP) solutions, and the way organizations are extracting value from their related systems investments. The latest statistics suggest exception management information is increasingly seen as an important factor in reducing costs, raising customer service standards, and achieving competitive differentiation.
SWIFT annually recognizes solutions from independent software vendors according to their compliance with SWIFT standards, their efficient integration with the SWIFT environment, and their contribution to improving industry STP.
SWIFT has criteria that are linked to their Silver and Gold labels for each industry segment. These criteria are designed to reflect the capability of a product to provide automation in a SWIFT environment. An additional requirement is that the product needs to be used in a live environment by at least five customers.
“We are pleased that we have received the elite SWIFT Ready Gold label for two categories since 1999 ,” says Matt Mandalinci, president of SunGard eProcess Intelligence. “We shall continue to provide our customers with best-of-breed reconciliation and exception processing solutions that help to reduce risk and improve STP rates.”
Commenting on the accreditation, Victor Abbeloos, head of partner solutions at SWIFT, added: “We were also pleased to award the SWIFTReady Gold label to intelliMATCH EP for our cash and securities reconciliation category. This demonstrates SunGard’s commitment to developing solutions that integrate efficiently within a SWIFT environment and improve straight-through processing for the benefit of our customers.”