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Credit Suisse Private Banking chooses SunGard’s intelliMATCH EP

Published Date: 12/10/01
  Related Product(s): intelliMATCH EP 

London, December 10, 2001 – SunGard eProcess Intelligence, an operating unit of SunGard (NYSE:SDS), today announced that Zurich-based Credit Suisse Private Banking, one of the world’s largest private banking companies, has selected intelliMATCH EP, SunGard’s reconciliation and exception processing solution.  
 
IntelliMATCH EP will initially be used for reconciliation and investigations in treasury and in domestic and international securities settlement. The exception processing platform will help improve straight-through processing rates at the banking group by automating processes such as system-to-system reconciliation.  
 
Hanspeter Luethi, vice president of Credit Suisse Private Banking, comments, “The key industry initiatives – CLS, GSTPA, and T+1 -- pose challenges for an industry leader such as Credit Suisse Private Banking. We have the opportunity both to streamline our existing client services, replacing any legacy hurdles, and to attract additional emerging markets as rapidly as market growth demands (we are, for instance, a CLS Settlement Member). This is why we required a reconciliation and exception processing solution that could provide immediate returns as well as future competitive advantage. SunGard eProcess Intelligence was without doubt the winning contender given this challenge.”  
 
“Using a single platform for reconciliation and exception processing will facilitate even tighter consolidation of the services provided within the Group – an added benefit. SunGard is providing a special, wide-ranging license for the software so that we can progress strategic development at the pace we choose, and therefore maximise our return-on-investment.”  
 
Lane Savage, president of SunGard eProcess Intelligence, commented, “The industry is increasingly recognizing the need for automation within the investigations process. Exceptions need to be automatically identified, automatically created as investigation cases, initiated, routed, researched, reprocessed, tracked and reported on-line. IntelliMATCH fully automates the processing of exceptional items, which are the major source of operational and reputation risk.”  
 
About Credit Suisse Private Banking  
Credit Suisse Private Banking is one of the world’s largest private banking operations and has a strong presence in both the Swiss and international markets. It currently serves over 300,000 clients worldwide and manages assets totalling around USD 298 billion. By offering competitive, state-of-the-art products, Credit Suisse Private Banking aims to strengthen its leading position in offshore business and increase its presence in onshore private banking, which is aimed at the European and Asian markets. Credit Suisse Private Banking also provides comprehensive financial advice covering tax, inheritance, trusts, retirement planning and real estate. All of these products and services are geared towards the client’s requirements in terms of return, security and liquidity.  
 
About SunGard eProcess Intelligence  
SunGard eProcess Intelligence is a leading provider of exception processing and enterprise report management solutions. SunGard’s exception processing solutions improve straight-through processing rates by automating the matching, reconciliation, research, and resolution of exceptional electronic transactions. SunGard enterprise report management solutions provide electronic report storage for legal archiving and compliance, Web-enabled report distribution and a unique, patented report mining & business intelligence capability designed to bring report data to life. SunGard eProcess Intelligence has been providing solutions to the financial services industry for more than 15 years and our clients include 70 of the world's top 100 financial institutions.  
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About SunGard  
SunGard (NYSE:SDS) is a global leader in integrated IT solutions and eProcessing for financial services. SunGard is also the pioneer and a leading provider of high-availability infrastructure for business continuity. With annual revenues in excess of $1 billion, SunGard serves more than 20,000 clients in over 50 countries, including 47 of the world's 50 largest financial services companies.  
 
Trademark Information: SunGard, the SunGard logo, and intelliMATCH are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.  
 
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