The solution will deliver enhanced transaction management of cash, securities, confirmations, energy trades and system messages, while helping to reduce operational risk exposure through the early identification and pre-settlement resolution of error.

IntelliMATCH will automate a previously manual function, helping to increase speed, efficiency, accuracy and reduce financial risk through exception reporting. The solution will also provide the bank with a robust matching engine and common platform for the reconciliation of all its cash transactions. Headquartered in Luanda, Banco de Fomento, the largest private financial group in Angola with over seventy branches nationwide, will use the flexibility and efficiency of intelliMATCH as its core foundation for performance enhancements as part of a larger development of its entire IT infrastructure.

Eduardo Clemente, head of accounting at Banco de Fomento, said, "We chose SunGard predominantly for its strong reputation as a robust matching and exception tool. Following a recommendation from an existing SunGard customer, we quickly realized that SunGard addressed our requirements for a user-friendly solution, from an established vendor with the ability to provide local support."

Tom King, president of SunGard's STeP business unit, said, "We are pleased to welcome Banco de Fomento as an intelliMATCH customer. Our customers in Africa are supported by our regional office in Johannesburg, as well as by our global network of technical and functional experts. Our commitment to Banco de Fomento is illustrated by the provision of Portuguese-speaking consultants. As we see an increasing trend in developing economies towards automation of transaction processing, we are dedicated to delivering best-of-breed software and expertise to help our customers achieve the highest level of efficiency within their business."