19 February 2018
visit www.ebaday.com

Fortis Bank selects SunGard ePI for reconciliations and exceptions management

17 February 2004  |  6955 views  |  0 Fortis Bank selects SunGard ePI for reconciliations and exceptions management

Belgium's Fortis Bank is implementing SunGard eProcess Intelligence's intelliMatch and intelliTracs products to automate and centralise its reconciliations and exceptions management processes.

Fortis will use the SunGard products for the matching of nostro and internal accounts, deal confirmations and securities transactions and positions.

Sungard says intelliMatch will enable the bank to consolidate all reconciliation functions onto a single platform and perform generic matching.

Fortis has been using SunGard's intelliTracs Payments system since spring last year and will extend its use of the product as part of a consolidation of systems across the bank.

Bernard Rozencweig, global information services manager, Fortis Bank, says the implementation will allow the bank to replace all of its current reconciliation software and consolidate processes across the enterprise.

"We are confident that the consolidation of these functions will help reduce our operating costs, reduce our operational risk, and improve efficiency while exacting greater control," says Rozencweig.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Exceptions are consuming 18% of profits - SunGard ePI

Exceptions are consuming 18% of profits - SunGard ePI

15 January 2004  |  4040 views  |  0 comments
Fortis Bank Netherlands selects Diebold's ATM development software

Fortis Bank Netherlands selects Diebold's ATM development software

18 September 2003  |  4784 views  |  0 comments
SunGard EPI wins SwiftReady Gold for intelliMatch EP

SunGard EPI wins SwiftReady Gold for intelliMatch EP

13 August 2003  |  4036 views  |  0 comments
Fortis Clearing implements City Networks reconciliations module

Fortis Clearing implements City Networks reconciliations module

31 July 2003  |  3653 views  |  0 comments
Investance to support SunGard EPI's Step suite

Investance to support SunGard EPI's Step suite

20 June 2003  |  4493 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.nextgenbanking.co.ukvisit www.swift.com/your-needs/instant-paymentsVisit www.vasco.com

Top topics

Most viewed Most shared
Saudi central bank provides sandbox for banks to try out Ripple techSaudi central bank provides sandbox for ba...
11366 views comments | 16 tweets | 12 linkedin
ABN Amro moves escrow accounts to the blockchainABN Amro moves escrow accounts to the bloc...
8920 views comments | 15 tweets | 13 linkedin
ECB launches staunch defence of cashECB launches staunch defence of cash
8805 views 10 comments | 22 tweets | 26 linkedin
Aussie real-time payments platform goes liveAussie real-time payments platform goes li...
8757 views comments | 15 tweets | 43 linkedin
hands typing furiouslyHow can Blockchain Help with AML KYC
8164 views 4 | 9 tweets | 6 linkedin

Featured job

Competitive base + commission + benefits
UK or Germany

Find your next job