Sterci's Stematch receives SwiftReady gold label

Source: Sterci

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.

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%.

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