Sterci debuts at Sibos with nostro, SwiftNet contract wins

Sterci debuts at Sibos with nostro, SwiftNet contract wins

Sterci, a newly-formed subsidiary of Swiss systems group Steria dedicated to STP software development, is celebrating its first appearance at Sibos with new contract wins at Julius Baer, Banca del Gottardo and Luxembourg-based payments operator and prospective Swift Service Bureau, Cetrel.

Julius Baer has gone live with Sterci's Stematch solution for payment reconciliation and forex & money market confirmation matching. The Zurich-based private banker plans to introduce securities reconciliation using the same matching engine within the next two months.

Roman Kessler first vice president at Julius Baer says: "When we had to renew our nostro mainframe reconciliation software, we were looking for a global reconciliation application able to closely link with our existing payment and treasury infrastructure."

Neighbouring Swiss institution Banca del Gottardo is using the Stelink financial messaging EAI solution from Sterci to replace its mainframe infrastructure with a centralised messaging hub as part of its migration to the IP-based SwiftNet network. Stelink will be used to offer shared access to SwiftNet to all Banca del Gottardo Swiss and foreign branches in Athens, Luxembourg, Monaco, Vienna, Hong-Kong, Nassau and Milan.

Marco Fenini member of the bank management committee says the open distributed architecture of Stelink offers standard TCP/IP interfacing to the bank's numerous business applications on Unix, Windows, OS400 and mainframe.

"Additionally Sterci is able to provide with Stelink a smooth migration to IP for local Swiss market infrastructure for SIC and Secom," he adds.

Finally, Sterci has sealed a contract with Cetrel to use its Stelink software for the launch of a new Swift Service Bureau in Luxembourg.

Serge Clemens head of the interbanking project at Cetrel explains: "We had no technical solution for SwiftNet connectivity in place and did not relish making the significant investment needed to build our own solution. We decided therefore to seek a technical partner, with the experience and capability to deliver the right solution for our market."

Under the agreement, Sterci will support Cetrel for SwiftNet migration between March and June 2004.

Comments: (0)