Tokyo-Mitsubishi International PLC embraces end-to-end STP using intelliMATCH® EP from SunGard eProcess Intelligence
Published Date: 7/22/02 Related Product(s): intelliMATCH EP London, July 22, 2002 -- SunGard eProcess Intelligence, an operating unit of SunGard (NYSE:SDS), today announced that Tokyo-Mitsubishi International PLC (TMI), a wholly owned subsidiary of The Bank of Tokyo-Mitsubishi, has invested in SunGard ePI’s intelliMATCH® EP solution to achieve true end-to-end STP.
This development marks a new stage in the institution’s strategic development of its client service. In the latter part of 2001, TMI had implemented fully automated reconciliation capabilities for cash and securities (both positions and activity). Now the organisation is using the automated exception processing capabilities of the SunGard solution to achieve true STP, including the automatic identification, research, and repair of exceptional items.
Chris Dowd, head of process control, operations department at TMI, commented, “We are in the initial stages of developing full lifecycle exception control, taking real-time data streams into intelliMATCH EP from internal transaction processing systems, internal databases, and all associated SWIFT traffic. The data includes information on every stage of transaction processing from initial booking to settlement, and on every aspect from front-office to back-office and all external communications. We are taking in up to ten different stages of a transaction’s lifecycle, with the ability to report in real-time on status, exceptions, urgent incomplete processing and data integrity. The development will cover all business areas that involve the settlement of cash or securities, not just focusing on one business line.
“As we move into automated exception control – we expect to reduce process risk down to a negligible level. Through our objective to automate data integrity, transaction processing, exception identification, research, messaging and repair, and deadline monitoring, at the same time as developing and implementing STP settlement execution engines, we expect the greatest return for TMI going forward to be near complete freedom from the business support issue of volume sensitivity. While it is often possible for support operations to predict some of the peaks and troughs of processing volumes, there will always be unexpected peaks, or worse, sudden long term increases. Higher volumes mean more exceptions, and therefore in a manually controlled processing environment, disproportionately greater levels of risk of those exceptions causing problems and costs. Institutions that can maintain their exception processing quality levels even during these “hot spots” undoubtedly enhance their reputation and attract more business.”
“In short, the result of our investment in true STP will be a steady improvement of client service levels – adding to TMI’s competitive differentiation.”
Mr. Dowd further commented, “We have been very pleased with the service received from SunGard eProcess Intelligence at all stages of the purchase, implementation and development cycle.”
About Tokyo-Mitsubishi International PLC, London
Tokyo-Mitsubishi International plc (TMI) is a wholly owned subsidiary of The Bank of Tokyo-Mitsubishi and is involved in capital markets businesses including structured finance, equities, fixed income products, derivatives, exotics and new issues (both origination and syndication.)
About SunGard eProcess Intelligence
SunGard eProcess Intelligence is a leading provider of exception processing and enterprise report management solutions. SunGard’s web-enabled exception processing solutions improve straight-through processing rates by automating the matching, reconciliation, research, and resolution of exceptions throughout the entire transaction lifecycle. SunGard’s enterprise report management solutions provide electronic report storage for legal archiving and compliance and Web-enabled report distribution. SunGard eProcess Intelligence has been providing solutions to the financial services industry for almost 20 years and our clients include 70 of the world’s top 100 financial institutions.
About SunGard
SunGard (NYSE:SDS) is a global leader in integrated IT solutions for financial services. SunGard is also the pioneer and leading provider of information availability services. With annual revenues of $2 billion, SunGard serves more than 20,000 clients in over 50 countries, including 47 of the world's 50 largest financial services companies. Visit SunGard at www.sungard.com.
Trademark Information: SunGard, the SunGard logo, and intelliMATCH® EP 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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