Back-office operations in commercial and investment banks are among those critical functions that are underappreciated until they stop working well. This includes transaction reconciliations and the related exceptions management. Reconciliations are necessary to achieve a reasonable assurance of complete and accurate record of trading activity. Reconciliation is a necessary accounting function that has to be completed before external financial statements can be published. In practice, this never happens because people make mistakes or omit information.
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Standard Bank is one of the largest African-based banking associations, operating in 17 African countries and 21 countries on other continents. A customer of SunGard since , 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.
It presents clear business fit and effectively supports the groups' consolidation and rationalisation strategy. The expansion of Standard Bank's use of intelliMATCH underlines our commitment to providing our customers with best-of-breed solutions to meet their growing business.
Rooted in Africa and with strategic representation in key sub-Saharan markets, the Standard Bank Group is a regional banking force with a global sweep. The group delivers its services through more than 1 points of representation throughout South Africa. Its network spans 17 other sub-Saharan countries and extends to 21 countries on other continents, including the key financial centres of Europe, the United States and Asia.
SBG is the largest South African banking group ranked by market capitalisation and earnings. It is an established leader in banking technology for the personal and business markets in South Africa, while the corporate and investment banking arm has consistently been ranked in peer surveys as the market leader.
In addition to banking, the Standard Bank Group has a strategic interest in the insurance industry through its control of the Liberty Group, one of Africa's leading life offices and financial services groups.
At 31 December , the group had assets of R billion and employed more than 35 people worldwide. SunGard is a global leader in integrated software and processing solutions, primarily for financial services. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business.
SunGard serves more than 20, customers in more than 50 countries, including the world's 50 largest financial services companies. Visit SunGard at www. All other trade names are trademarks or registered trademarks of their respective holders.
About intelliMATCH intelliMATCH is a leading reconciliation and exception processing solution that helps improve straight-through processing rates by automating the matching, reconciliation, research, and resolution of exceptions throughout the entire transaction lifecycle. About SunGard SunGard is a global leader in integrated software and processing solutions, primarily for financial services. Log In Sign Up.
FIS – IntelliMatch Operational Control
SunGard IntelliMatch Operational Control Software
Sungard's IntelliMatch Operational Control is a suite of reconciliation, nostro reconciliation, confirmation matching, ATM reconciliation, payments investigation and exception manage software, plus derivatives reconciliation, business intelligence and workflow solutions. Your current Info-Tech Research Group subscription does not include access to this content. Contact your account representative to learn more about gaining access to Premium SoftwareReviews. A comprehensive report on a specific software product, aggregating feedback from real IT professionals and business leaders.
SunGard IntelliMatch Operational Control and XSP get Swift labels
SunGard has enhanced its IntelliMatch solution suite to help tier one financial institutions streamline their enterprise-wide processes for reconciliation, exception management, financial governance and archiving. The enhancements include new intelligent workspaces, a new financial governance component and performance improvements. This latest release will help financial institutions increase operational efficiency, reduce risk and improve scalability and performance across their lines of business — including cash and securities operations, brokerage, derivatives, asset management, trust and custody, fund administration, and insurance. Managing reconciliations has become increasingly important due to the pressure to reduce costs and streamline operations.