SunGard's IntelliMatch Operational Control and SunGard's XSP have attained the Swift Certified Application Reconciliation and Corporate Actions labels for 2013, respectively.
This is the fourteenth year that IntelliMatch Operational Control and ninth year that XSP have received the accreditations.
Following extensive testing and message validation, the SWIFT accreditations were awarded in recognition of the SunGard solutions' ability to accurately and reliably adhere to a stringent set of criteria linked to the support of SWIFT messages and connectivity.
"Awarding SunGard's IntelliMatch Operational Control and XSP with the SWIFT Certified Application Reconciliation and Corporate Actions labels is testament to the strength of these solutions. SunGard has earned this accreditation by demonstrating its ongoing commitment to investing in its technology, embracing best practices and meeting the growing requirements of its global customers." - Filip Versluys, head of partner marketing, SWIFT.
"With a SWIFT accredited solution, our customers can be confident that they are conducting their business in accordance with the industry benchmark. This is important as the industry is placing increased emphasis on reconciliation automation - driven by new regulations, the need for greater transparency of business processes and operational cost pressures. This accolade acknowledges our high standards for matching and reconciliation solutions that help our customers automate their operational processes, support future growth and reduce risk." - Richard Chapman, director of product management, IntelliMatch, SunGard.
"Today's global financial institutions are faced with high volumes and increasingly complex corporate actions announcements. By supporting SWIFT ISO 20022 and other initiatives that advocate standardization, XSP helps customers reduce risks and improve STP rates for this highly specialized area of operations. XSP's 2013 SWIFT Certification Application for corporate actions recognizes our ongoing efforts to deliver the highest quality of products and services to the industry." - Brendan P. Farrell, Jr., executive vice president, XSP, SunGard.
IntelliMatch Operational Control helps businesses grow through rapid on-boarding of new reconciliations, consolidation of infrastructure and processes to help achieve lower total cost of ownership, and optimization of processes to help create greater efficiency.
XSP helps firms across the financial industry achieve smarter operational efficiency by automating the corporate actions lifecycle and reducing the risks associated with manual processes.