SunGard today announced that its solutions for real-time cash reporting and liquidity management, exceptions management, and reconciliation have been accredited SWIFTNet Ready and SWIFTReady Gold, respectively.
STeP Real-time Liquidity Management, SunGardâs real-time cash reporting and liquidity management solution has been awarded SWIFTNet Ready Nostro Account Information labels for both Users and Providers for 2006. This yearâs accreditation marks the fifth consecutive year that SunGardâs solution has been awarded the SWIFTNet Ready certifications. SunGard's STeP Real-time Liquidity Management provides a secure, real-time view of account information both inside and outside an institution, incorporating SWIFT's XML structured Query and Response messages to help expedite transaction processing over SWIFTâs IP-based messaging platform, SWIFTNet.
STeP intelliTRACS, SunGardâs automated exceptions management solution, has been awarded SWIFTNet Ready for Exceptions & Investigations for the second consecutive year. SunGard has been involved in the development and pilot of the new SWIFTNet Exceptions & Investigations messages since the inception of the working group in 2003.
STeP intelliMATCH, SunGardâs real-time matching and reconciliation solution, has been awarded SWIFTReady Gold for both Cash and Securities Reconciliation for the seventh consecutive year. STeP intelliMATCH provides a robust matching engine and a common platform for the reconciliation of multiple instruments including cash transactions, OTC derivatives, securities positions and movements, and trade confirmations and advices.
LÃ¡zaro Campos, head of banking industry division, SWIFT, commented, âWe are very pleased to again award SunGard SWIFTNet Ready accreditations for Nostro Account Information and Exceptions & Investigations and, SWIFTReady Gold accreditations for Cash and Securities Reconciliation. SunGard continues to provide the industry with solutions that meet SWIFTâs strict guidelines for standardization and is awarded accreditations year after year. The availability of applications supporting SWIFTâs XML standards and connectivity to SWIFTNet is key to helping ensure that the industry players derive true benefit from SWIFTSolutions.â
Tom King, president of SunGardâs STeP business unit, said, âWe work closely with SWIFT and member banks to help define and implement messaging standards to the financial services industry. The annual SWIFT accreditation process underlines our continued commitment to delivering high quality solutions that will help automate transaction management for banks, securities firms, and corporations.â