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Handelsbanken Markets deploys intelliMatch Confirmations Module

11 October 2004  |  1700 views  |  0 Source: SunGard eProcess Intelligence

SunGard eProcess Intelligence, an operating unit of SunGard (NYSE: SDS), today announced that Handelsbanken Markets has extended its use of intelliMATCH, SunGard's real-time matching and reconciliation solution, by implementing the intelliMATCH Confirmations Module.

Based in Stockholm, Handelsbanken Markets has been using intelliMATCH since 2001 for the matching of cash accounts, securities holdings, and nostro transactions. The bank, which processes almost 20,000 transactions each day, has replaced its confirmations matching system and is now using intelliMATCH for the majority of its reconciliations.

"The consolidation of our reconciliation processes on a single platform helps reduce our total cost of ownership and improve operational efficiencies. It is important to have accurate confirmations matching, and having a single solution for most of our reconciliation processing helps achieve greater control over transactions and helps improve operational risk, as we are able to define the matching requirements in line with our best practices. Plus we are able to add more business volume with less staff," commented Lars Hellqvist, IT manager of trading services.

"We are pleased that our customers see benefits from our solutions. We are committed to providing our customers with best-of-breed solutions that meet and exceed their business needs," commented Matt Mandalinci, president of SunGard eProcess Intelligence.

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