Source: Sterci France
Sterci France, the Parisian branch of Sterci SA, international provider of STP software solution, announces today that Allianz Global Investors France (formerly AGF AM) has selected the Sterci suite of solutions for STP.
The suite of products includes KEYdata for centralizing data management and data feeds, Stematch for reconciliation of cash and securities positions, and Steform transformation engine in compliance with SWIFT.
Jean-Marc Voisin, Head of IT Allianz GIobal Investors France, says : "The market instruments data management and the automation of communication flows are at the heart of our Information System. The continuous standard evolution, the regulatory compliance issues, and the need to reinforce controls has lead us to search for packaged solutions. Sterci have been selected as a strategic partner for this project because they proposed a consistent suite of products that can be easily integrated to our existing environment."
Philippe Modai, Sterci country manager comments: "We are happy that Allianz Global Investors France, after a deep review of market offerings in this field, has finally selected Sterci. The flexible and scalable Sterci technology will help Allianz GI France to reduce risks as they face increasing volumes, and the growing complexity of market instruments."