Mitsubishi Securities International Goes Live on SunGard's STeP intelliMATCH
6 June 2005
SunGard (NYSE:SDS - News) 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."
About Mitsubishi Securities International
Mitsubishi Securities International plc (MSI) is a wholly owned subsidiary of Mitsubishi Securities Co. Ltd. which is part of the Mitsubishi Tokyo Financial Group (MTFG). MTFG offers commercial, investment and trust banking services through its main operating companies, The Bank of Tokyo-Mitsubishi, Mitsubishi Securities and Mitsubishi Trust & Banking. With total assets (at end December 2004) in excess of USD 1,075 billion, MTFG is one of the largest financial services companies in the world and the most globally diversified of the major Japanese financial groups. MSI is an active player in debt, equity, derivatives and structured finance businesses. As the investment banking unit of MTFG, MSI has a wide ranging global customer base including public sector organizations, financial institutions and corporate entities across the credit spectrum.
About STeP
SunGard's STeP intelliSUITE is a leading reconciliation, exception processing, and liquidity management solution that helps improve straight-through processing rates and leverages real-time information to automate the matching, reconciliation, research, and resolution of exceptions throughout the entire transaction lifecycle for cash, securities, and payments.
About SunGard
SunGard is a global leader in integrated software and processing solutions, primarily for financial services and higher education. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 25,000 customers in more than 50 countries, including the world's 50 largest financial services companies. SunGard (NYSE:SDS - News) is a member of the S&P 500 and has annual revenue of $3 billion. Visit SunGard at www.sungard.com.
Trademark Information: SunGard, the SunGard logo, intelliMATCH, and STeP are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.
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Contact:
SunGard
Meredith Hyland, +1 973-422-4789
Meredith.hyland@epic.sungard.com
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Source: SunGard
Source: Business Wire
All trademarks and copyrighted information contained herein are the property of their respective owners.
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