SunGard today announced that it will integrate its Real-time Liquidity Management solution with Gresham Computing Clareti Cash Reporting Service (formerly known as Cable & Wireless Real Time Nostro) to offer value-added liquidity management and reconciliation services to its customers.
Gresham Computing’s Clareti Cash Reporting Service provides correspondent banks a consolidated view of international payment transactions intra-day. SunGard’s Real-time Liquidity Management solution will use Gresham Computing’s Clareti Cash Reporting Service streamed Nostro account information from correspondent banks to help enable intra-day reconciliation against institutions’ internal records, thereby helping to provide a real-time, validated view of liquidity.
The integration of these two solutions will help financial institutions and corporates benefit from real-time reconciliation and liquidity management. The solution will provide a validated view of liquidity to help enable better intra-day funding decisions.
Andrew Walton-Green, chief executive officer of Gresham Computing, stated, "The significant capital outlay involved in re-engineering back-office systems to deal with real-time international payment data has meant that only the largest banks have invested in the changes required. This new service-based offering will help small and medium institutions, as well as corporates, to leverage the global banking community’s investment in SwiftNet Cash Reporting."