SunGard (http://www.sungard.com) today announced that its solutions for real-time cash reporting and liquidity management, exceptions management, and reconciliation have been accredited SWIFTNet Ready and SWIFTReady Gold, respectively.
STeP Real-time Liquidity Management, SunGard's real-time cash reporting and liquidity management solution has been awarded SWIFTNet Ready Nostro Account Information labels for both Users and Providers for 2006. This year's accreditation marks the fifth consecutive year that SunGard's solution has been awarded the SWIFTNet Ready certifications. SunGard's STeP Real-time Liquidity Management provides a secure, real-time view of account information both inside and outside an institution, incorporating SWIFT's XML structured Query and Response messages to help expedite transaction processing over SWIFT's IP-based messaging platform, SWIFTNet.
STeP intelliTRACS, SunGard's automated exceptions management solution, has been awarded SWIFTNet Ready for Exceptions & Investigations for the second consecutive year. SunGard has been involved in the development and pilot of the new SWIFTNet Exceptions & Invest igations messages since the inception of the working group in 2003. STeP intelliMATCH, SunGard's real-time matching and reconciliation solution, has been awarded SWIFTReady Gold for both Cash and Securities Reconciliation for the seventh consecutive year. STeP intelliMATCH provides a robust matching engine and a common platform for the reconciliation of multiple instruments including cash transactions, OTC derivatives, securities positions and movements, and trade confirmations and advices.
L'azaro Campos, head of banking industry division, SWIFT, commented, "We are very pleased to again award SunGard SWIFTNet Ready accreditations for Nostro Account Information and Exceptions & Investigations and, SWIFTReady Gold accreditations for Cash and Securities Reconciliation. SunGard continues to provide the industry with solutions that meet SWIFT's strict guidelines for standardization and is awarded accreditations year after year.
The availability of applications supporting SWIFT's XML standards and connectivity to SWIFTNet is key to helping ensure that the industry players derive true benefit from SWIFTSolutions."
Tom King, president of SunGard's STeP business unit, said, "We work closely with SWIFT and member banks to help define and implement messaging standards to the financial services industry. The annual SWIFT accreditation process underlines our continued commitment to delivering high quality solutions that will help automate transaction management for banks, securities firms, and corporations."
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SunGard STeP provides a suite of business solutions that helps deliver Straight-Through Enterprise Processing (STeP) to banks, investment managers, broker dealers, and corporations, STeP connects customers' internal applications and business processes with external services and networks while managing the operations around their business processes. STeP solutions include MINT for SWIFTNet and financial messaging integration; intelliSUITE for reconciliation, exception processing, transaction research, and liquidity management; and Trade Management for post trade automation.
SunGard
With annual revenue of $4 billion, SunGard is a global leader in software and processing solutions for financial services, higher education and the public sector. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 25,000 customers in more than 50 countries, including the world's 50 largest financial services companies. Visit SunGard at www.sungard.com.
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