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Wachovia | Barclays | Allied
Irish Bank | Northern Trust | BNP Paribas
| Tokyo Mitsubishi International | SEB
| Credit Suisse Private Banking | Banque
CPR | Bank Wegelin & Co. Privatbankiers | Dexia
Bank Belgium | GNI Limited | KBC Bank
NV
Wachovia Bank's Wholesale Operations Division has significantly enhanced their reconciliation processing to reduce their financial risk and maintain costs while supporting signifcant business growth, using intelliMATCH® from SunGard eProcess Intelligence, built on scalable Intel CPU-based servers. Click here to download the case study
Barclay's Capital reduced their cost per deal by 35% and reduced back office staff by 50% worldwide due to their achievement of STP, made possible through STEP™ (Straight-Through Exception Processing) from intelliMATCH® and intelliTRACS®. The exception processing solution dynamically interacts with the bank's processing infrastructure through its matching, reconciliation, research, and resolution of exceptional electronic transactions. Barclay's Capital is able to leverage the benefits of business re-engineering by utilizing the application's reasoning ability by relying on a series of knowledgebase tools, specifically created for their unique business situation. "We're very, very pleased with the exception processing suite. It does what we expected it to do, and we're able to improve on it as we go along, which was one of its main selling points at the outset." - Barry Holland, Director of Operations
Allied Irish Bank, Ireland's leading banking and financial service organization, has migrated its cash accounts reconciliation process from a mainframe system to IntelliMATCH®, the flexibility of which has allowed the bank to improve efficiency of its daily, business-critical processes. 98% of AIB's euro transactions are now matched automatically, enabling AIB to manage its cash positions with counterparties more cost-effectively. "Because it was so easy to create new interfaces to intelliMATCH we were able to quickly 'plumb in' other sources of data, such as confirmations. This meant we could repair many of these incomplete incoming transactions quickly and apply the funds to the right accounts without delay." Marcel McCann, Head of Treasury IT  Northern Trust Enhances STP with STEP™ (Straight-Through Exception Processing) Using intelliTRACS® Northern Trust International Banking Corporation (TNTIBC), the New York-based Edge Act subsidiary wholly owned by the Northern Trust Company, provides payment services for international banks. The corporation uses intelliTRACS to improve levels of customer service, as it fits neatly into Northern Trust's overall IT strategy of striving to maintain its competitive edge by providing low cost, high quality, technically advanced services to its clients. "intelliTRACS has enabled us to capture and consistently apply our best practice set of rules for exceptions management. This has led to a dramatic improvement in our inquiry process which has already resulted in 60% STEP on new cases, giving us a significant edge over our competitors. Since the implementation we have been able to increase our payment processing by 30% with no additional staff." - Ms. Asimo Konstantinidis, Head of the Information
Technology Group and Deputy
BNP Paribas' Corporate and Investment banking group (BFI), has selected SunGard's intelliMATCH software for matching and reconciliation. Part of the decision to invest in SunGard's intelliMATCH was based on the solution's generic matching capability as well as BNP Paribas' desire to use the same solution for cash and securities reconciliation, a key differentiator for the product. The bank views intelliMATCH as a standard throughout the regional network due to the solution's ability to work on either a branch or regional hub basis, allowing users supported by BNP Paribas to work centrally or remotely. "intelliMATCH was the best system to meet our business requirements. SunGard eProcess Intelligence's software suite provides a global standard for Nostro and securities and provides us with generic matching capabilities, as well. Another attraction to the intelliMATCH solution was the ability for us to deploy individual branch installations while moving towards a regional hub model - mirroring our own IT strategy precisely." Click here to read the press release > - Denis Rousseau, co-head of IT for Corporate and Investment Banking (BFI) TMI is embracing end-to-end STP using intelliMATCH EP to enhance their
customer service and mitigate operational risk throughout the transaction
lifecycle. 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. 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. SEB Merchant Banking (SEB), one of the largest financial services groups in the Nordic region, has implemented intelliMATCH® for a competitive advantage in the areas of client services, cost control and operations risk management, which is used to further strengthen reputation and market leading position. SEB is using intelliMATCH to contain and reduce operations risk, due to the earlier identification of exceptions, allowing reconcilers to start the investigation process much earlier and spend more time on investigations than was previously the case. The bank is now achieving auto-match rates on 90% of transactions. "This investment is fundamental to the bank's aim of offering its customers increasing excellence of service, at the same time guarding against financial and reputation loss by managing operations risk, whilst improving back-office efficiency." David Potter, Global Head of Foreign Exchange and Money
Market Business Support Credit Suisse Private Banking, one of the world's largest private banking companies headquartered in Zurich, has invested in the Exception Processing solution - intelliMATCH EP. The Exception Processing platform, comprised of the intelliMATCH, intelliTRACS and intelliTRAN solutions, is initially being applied to reconciliation and investigations in Treasury (FX and MM), and in domestic and international securities settlement. The Exception Processing platform will benefit the banking group in the
automation of underlying processes, such as system-to-system reconciliation
for more complete transaction life cycle management. -Hanspeter Luethi, Vice President of Credit Suisse Private Banking
Banque CPR, headquartered in Paris, that specializes in the investment and management of financial assets, has implemented intelliMATCH to unify their matching systems across the three business areas of the bank: Propriety Trading, Asset Management (through CPR Gestion) and Investment and Trading Services. IntelliMATCH enables all flows from different applications (SWIFT, GL Systems, Internal Files) to be available on a single platform and allows for easy creation and implementation of sophisticated matching rules developed by users. Banque CPR has used intelliMATCH to combine performance and efficiency in all of its control operations, enhancing their competitive advantage while achieving automated matching with an overall matching rate of almost 80%, and up to 95% for some accounts. Bank Wegelin & Co. Privatbankiers Selects intelliMATCH® for Automated Reconciliation Swiss bank, Bank Wegelin & Co. Privatbankiers, has selected intelliMATCH for automatic processing, matching and reconciliation of cash nostro accounts, trades and holdings, and FX and money market confirmations. They will reconcile SWIFT-based messages, and files from various internal and external sources. Dexia Bank Belgium Replaces Incumbent Reconciliation System with intelliMATCH® Dexia Bank Belgium has selected intelliMATCH EP over their incumbent
system to consolidate automatic processing, reconciliation, and exception
processing on one platform. The group chose intelliMATCH EP because of
its flexibility and its ability to accept not only SWIFT-based messages,
but also feeds from various internal and external sources. GNI Limited Selects intelliMATCH® EP to Improve Back-Office Processes GNI Limited isa leading collateral manager in the UK and international equity and bond markets, and broker of futures and options, forex, and equity derivative products. They are using intelliMATCH EP initially to reconcile internal records to external agent banks, custodians, and CREST and internally to support the reconciliation between key trading, settlement, and general ledger systems. KBC Bank NV Reconciles Cash and Securities Transactions with intelliMATCH® KBC Bank NV, Belgium's third largest bank, will implement intelliMATCH in its head office in Brussels, Belgium, to reconcile cash and securities in its securities back office for both retail and capital markets transactions. KBC now has the ability to import SWIFT messages as well as its own files and can easily develop customized matching rules that support its unique business needs. SunGard's intelliMATCH was selected for its flexible and generic matching processes.
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