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Sterci Launch “GTCloud” Hosted Service

Sterci, the international leader in financial messaging technology, today launched “GTCloud” – a pioneering hosted service providing cost-efficient “cloud” delivery of their award-winning GTSuite software portfolio.

GTCloud - formerly known as Sterci Service Bureau - represents a uniquely rich value-added business solution going far beyond the outsourced connectivity benefits provided by traditional SWIFT Service Bureaux. Complementing the in-house licensed software model, the entire modular GTSuite product range is available as a Software as a Service, either individually or combined.

GTCloud enables users to significantly reduce internal IT maintenance requirements, delivering measurable operational efficiencies as the hosted service platform for Sterci GTSuite. The modular GTSuite portfolio available through GTCloud is composed of:

• GTExchange - a high performance multi-network financial messaging hub, supporting high volume and complex message flows.

• GTMatch - providing enterprise-wide reconciliation, dramatically improving operational efficiency and reducing risk.

• GTFrame – the market-leading transformation and business flows integration solution.

• GTData - the multi-provider and high volume market data management platform, providing the highest levels of efficiency to users.

The GTCloud hosted services deliver seamlessly integrated business solutions, bringing together transactional banking, multi-bank connectivity, full data integration, reconciliation, cash management, zero balancing, format transformation, MT-MX interoperability, SEPA access, AML and market data management. This consolidated view of data enables GTCloud users to optimise working capital and reduce risk.

Launching GTCloud, Simon Kalfon, Sterci Chief Executive Officer, stated: “As financial institutions and corporates respond to a heightened competitive landscape, the cost and scalability benefits of outsourced and hosted 'cloud' solutions become increasingly attractive. In response to this need, all Sterci GTSuite products are available as an on-demand service from our global GTCloud platform, which has recently been awarded the coveted SWIFT Ready Connectivity (Best Practices) Label.”

Mr. Kalfon continued: “We have a proud history at Sterci of pioneering innovative technology solutions for the financial messaging market. Our SWIFT Bureau service has always been about much more than network connectivity. We are very excited to launch the “GTCloud” brand, which more accurately communicates the rich value-added hosted service we provide with our entire GTSuite product range.”

Frédéric Viard, Sterci Marketing & Pre-sales Director, added: “The hosted services of GTCloud provide cost-effective and scalable 'on-demand' solutions. The market-leading transformation and business flows integration capabilities deliver significant benefits without upfront capital costs or the need to replace existing legacy systems. We are confident GTCloud will deliver measurable operational efficiencies and reduced risk exposure to our customers.”