21 August 2017
Find out more

Danske Bank extends SunGard intelliMatch implementation

13 December 2004  |  1777 views  |  0 Source: SunGard eProcess Intelligence

SunGard eProcess Intelligence, an operating unit of SunGard (NYSE:SDS), today announced that Danske Bank, one of Denmark's largest financial institutions, has extended its use of intelliMATCH for nostro account reconciliation.

Danske Bank, a customer of SunGard since 2000, now uses intelliMATCH to reconcile over 50,000 transactions per day across its 900 nostro accounts. The bank achieves 90-95% auto-matching rates and has optimized the solution for high volume and intra-day performance. By implementing intelliMATCH across its back office departments in Denmark as well as abroad, Danske Bank has consistent processes and improved control over transactions. Over the past four years, the bank has been able to process higher volumes at a lower cost, and has reduced operational risk through intra-day reconciliation for improved liquidity management.

Kirsten Terkelsen, vice president at Danske Bank, commented, "Our users find intelliMATCH very easy to use, and we're pleased with the efficiencies we've gained since its implementation. Our decision to extend the use of intelliMATCH stems from the benefits we've seen in terms of cost and risk reduction, and improved efficiencies and control."

Matt Mandalinci, president of SunGard eProcess Intelligence, commented, "Danske Bank's extension of intelliMATCH underlines our commitment to providing best-of-breed transaction management solutions that meet our customers' growing needs. We're pleased that our customers are seeing benefits from using SunGard solutions and are continuing to invest in new applications."

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.abe-eba.euvisit www.niceactimize.comvisit www.dorsum.eu

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
10225 views comments | 23 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
8560 views comments | 19 tweets | 23 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
8309 views 0 | 3 tweets | 1 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
8231 views comments | 10 tweets | 7 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
7514 views comments | 15 tweets | 14 linkedin

Featured job

London, UK (or flexible)

Find your next job