A recent re-organization within Westdeutsche Landesbank Girozentrale formed two banks, now known as WestLB AG and NRW.BANK. NRW.BANK, the development bank for the State of North Rhine-Westphalia, required a reconciliation solution for its capital markets business. NRW.BANK chose intelliMATCH to handle the reconciliation of trade data with its back-office systems, and to perform system-to-system reconciliation for its multiple sub-ledger systems with its front-office system, SunGard's FRONT Arena. The bank currently tracks and reconciles about 20,000 trades in its portfolio.
The selection of intelliMATCH was based upon the satisfaction level with the solution, already in place at WestLB AG. "All of our processes, procedures, and reports are already configured and functioning well with intelliMATCH. Nonetheless we carried out an evaluation of reconciliation solutions. After careful assessment, the intelliMATCH solution was a clear choice with which to move ahead at NRW.BANK," commented Dr. Jens Heinrich, director IT trading at NRW.BANK.
"The selection of intelliMATCH by NRW.BANK underlines our commitment to providing best-of-breed solutions. Customers' continued support confirms their high level of satisfaction with and confidence in our staff and solutions," commented Matt Mandalinci, president of SunGard ePI.