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Finnova users select Stematch for reconciliation

Sterci, the Geneva based software provider of STP solutions, today announced that the Finnova user Community including around 20 Cantonal, Regional and Private banks in Switzerland have selected Stematch from Sterci as their global reconciliation engine for automated matching and exception management.

After a deep evaluation process including major international vendors, Stematch was finally selected thanks to the flexibility of its rules engine and its integrated exception management facility.

Finnova is the most innovative, modular total banking solution around today for full-service and private banking. It offers convincing functionality, the lowest cost-income ratio relative to the industry as a whole, and advantageous TCO (Total Cost of Ownership). Finnova has been a joint development effort by banking and software specialists, and meets the advanced needs of today’s financial institutions.

Covering the full end-to-end reconciliation from trade to settlement, Stematch will be closely linked to Finnova for cash, securities, forex & money market. Thanks to its exception management, Stematch will enable Finnova users to reduce operational risks and costs.