London, 30 October, 2002 - SunGard eProcess Intelligence, an operating unit of SunGard (NYSE: SDS), today announced that Dexia Bank Belgium has selected intelliMATCH EP to consolidate automatic processing, reconciliation, and exception processing of cash nostro accounts, trades and holdings, FX and money market confirmations, corporate actions, coupons, and static data, on one platform.
Dexia is a major player in the European banking market. The group was created as a result of Europe's first cross-border merger of two banks in 1996 and Dexia now ranks as one of the few banking groups whose domestic base goes beyond the borders of a single country. The group chose intelliMATCH EP over their incumbent systems because of its flexibility and its ability to accept not only SWIFT-based messages, but also to reconcile information from various internal and external sources. intelliMATCH EP will replace its existing reconciliation systems to consolidate automated reconciliation and will provide a new facility for exception processing on a single, integrated platform.
"In addition to intelliMATCH EP's outstanding functionality and features, we chose the solution because of the dedication of the SunGard eProcess Intelligence team to quality, the business case, and customer service that we experienced throughout the evaluation phase. The ability to implement one solution for all of our reconciliation and exception processing requirements will bring significant return-on-investment to the group," commented a spokesperson from Dexia Brussels.
Matt Mandalinci, president of SunGard eProcess Intelligence, said, "We are excited by the opportunity to provide a well-integrated back-office platform for another large player in European banking. Dexia's choice of intelliMATCH EP underlines the solution's continued position as a leading reconciliation and exception processing solution."
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