Bulgaria National Bank selects Stematch for cash and securities reconciliation

Sterci, the Geneva based software provider of STP solutions, today
announced that Bulgarian National Bank in Sofia has selected Stematch for
reconciliation.

Stematch is used for cash and securities positions reconciliation. The Bank is
using also the Stematch options for interests calculation, long term archiving
and cash management on Nostro accounts.

One of the IT experts at BNB says "With this Stematch implementation, the
main benefits for the bank are the reduction of the operational risks with early detection of exceptions, easy investigations via SWIFT queries and e-mail. We have selected Stematch based on a proof of concept and we have been
impressed by the fast project implementation thanks to Global Consulting Ltd
the Sterci’s local partner in Sofia."

Etienne Savatier, director marketing and international sales at Sterci says:
"we are delighted to provide our efficient reconciliation technology to BNB,
this is the fourth central banks that selects our product after Bank for
International Settlements, Swiss National Bank, and the SAMA. We want to
increase our market presence in Eastern Europe thanks to successful
partnership and our participation to the SWIFT regional conference in Zagreb
next week".

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