SCOR on board SWIFT thanks to Sterci STP solutions

Paris - 7 June 2010

STERCI France, the French subsidiary of the leading Swiss software vendor of SOA solutions for STP, today announced that SCOR has been live on SWIFT since 3 May 2010 using Steform, Stematch, and the Sterci Service Bureau. The aim of the first phase of this project was to link SCOR Global Investments with its custodians and prime brokers through the SWIFT network, to generate automatic SWIFT orders/instructions from Simcorp Dimension and reconcile positions from cash and securities statements.

Laurent Guéraud and Marc Philippe, respectively Project Director and IT Director at SCOR’s Paris Hub, add: “SCOR made a strategic decision to migrate to SWIFT and chose Sterci for its expertise and the effectiveness and simplicity of its solutions. The successful launch in early May 2010 proves that this was a good choice. »

Yannick Jauneau, STERCI project manager says: ”Our three solutions were all implemented at the same time, due to SCOR’s tight schedule. The project’s objectives have been achieved, and the SCOR team now has the know-how it needs in terms of our solutions. We are very happy with this rapid launch and will gladly take on further projects for SCOR».

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