Accurate and Pegasystems forge STP alliance

Accurate and Pegasystems forge STP alliance

Accurate Software and Pegasystems have teamed up to provide an integrated reconciliation and investigations processing solution for financial market participants.

Under the deal, which includes joint co-marketing and sales strategies, Accurate's real-time reconciliation solution will be combined with Pegasystems' integrated investigations suite.

The combined solution will help the drive towards T+1 by reducing the time to handle both the reconciliation of transactions and resolution of investigations.

Keith Hawker, vice president of strategic partnerships, Pegasystems, says "there are several well-developed reconciliation packages on the market", but Accurate's rules-based engine makes it suitable for multiple types of reconciliation in financial institutions of various sizes.

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