Sterci's Stematch receives SwiftReady gold label
Sterci, the Geneva based vendor of STP solutions, today announced that SWIFT has renewed for the third consecutive year Stematch with the highest award labels.
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Stematch is SWIFTReady Gold 2006 for Cash and Securities Reconciliation, it means the SWIFT compliance recognition to provide a comprehensive automation using SWIFT messaging standards. Stematch end-to-end solution reconciliation covers not only Cash and Securities reconciliation but also includes confirmation matching and a very powerful embedded investigation module for exception management.
According to a recent survey from TowerGroup, Bank spending on reconciliation and exception management systems will increase from $238 million in 2006 to over $310 million in 2009, a compound annual growth rate of 11%.