SUNGARD’S INTELLIMATCH OPERATIONAL CONTROL AND XSP SOLUTIONS AWARDED 2013 SWIFT ACCREDITATIONS
SunGard’s IntelliMatch Operational Control and SunGard’s XSP have attained the SWIFT Certified Application Reconciliation and Corporate Actions labels for 2013, respectively. This is the fourteenth year that IntelliMatch Operational Control and ninth year that XSP have received the accreditations.
Following extensive testing and message validation, the SWIFT accreditations were awarded in recognition of the SunGard solutions’ ability to accurately and reliably adhere to a stringent set of criteria linked to the support of SWIFT messages and connectivity.
“Awarding SunGard’s IntelliMatch Operational Control and XSP with the SWIFT Certified Application Reconciliation and Corporate Actions labels is testament to the strength of these solutions. SunGard has earned this accreditation by demonstrating its ongoing commitment to investing in its technology, embracing best practices and meeting the growing requirements of its global customers.”
– Filip Versluys, head of partner marketing, SWIFT
IntelliMatch Operational Control helps businesses grow through rapid on-boarding of new reconciliations, consolidation of infrastructure and processes to help achieve lower total cost of ownership, and optimization of processes to help create greater efficiency.
XSP helps firms across the financial industry achieve smarter operational efficiency by automating the corporate actions lifecycle and reducing the risks associated with manual processes.
ABN AMRO ESTABLISHES GLOBAL RECONCILIATION HUB
ABN AMRO has developed a Center of Excellence based in The Netherlands that uses the entire suite of SunGard’s IntelliMatch solutions to streamline processes for reconciliation, exception management, payment investigation as well as reporting and archiving.
The solutions have been deployed across all lines of business for the bank’s international network of branches in more than 17 countries. They enable the bank to reconcile all transactions for cash, securities, confirmations and generic matching, including system to system reconciliations. Daily volumes now exceed one million transactions.
Benefits of the implementation include:
- A centralized, scalable platform for reconciliation, exception management and payment investigation
- Automated match rates ranging from 91 percent to 99.8 percent
- More efficient management of exceptions, leading to lower operational risk
- Optimized deployment of resources, contributing to significant cost savings
- Compliance with international regulations