SunGard (NYSE:SDS) today announced that long-time customer, Mitsubishi Securities International (MSI), has gone live on STeP intelliMATCH for matching and reconciliation.
SunGard's STeP intelliMATCH provides highly scalable matching and reconciliation, exception processing, liquidity management, and customer service solutions that help lower total cost of ownership and reduce operational risk across the enterprise.
MSI has been using SunGard's intelliMATCH, the predecessor solution to STeP intelliMATCH, since 2001. SunGard released STeP intelliMATCH in March 2005 and MSI is one of the early adopters to implement the solution at its operations site in London. MSI will use STeP intelliMATCH to help control operational risk and achieve processing efficiencies. It will leverage real-time information from in-house ledger systems to produce cash requirement projection reports and securities reporting, and to track each stage of cash and of securities transactions
Chris Dowd, head of process control at MSI, commented, "We are excited to be one of the early adopters of STeP intelliMATCH, for matching and reconciliation. By implementing STeP intelliMATCH we help enhance the operational risk control and processing efficiencies that intelliMATCH provided. We see value in the new platform's enhanced scalability and efficiencies from multi-tier, Web-based architecture in supporting the real-time processing of our high transaction volumes."
Tom King, president of SunGard's STeP business unit, commented, "MSI's enthusiasm, expertise, and vision for improving efficiency and control in its transaction processing made it an excellent candidate to partner with SunGard. MSI's selection of STeP intelliMATCH underlines our commitment to providing our customers with new solutions that support evolving business and technology requirements."