KBL European Private Bankers use STEMATCH to reconcile their securities and cash positions

Geneva - 18 October 2010

STERCI SA, the leading international software provider of SOA solutions for STP, is pleased to announce that KBL European Private Bankers in Luxembourg is currently live with the STERCI product STEMATCH for the reconciliation of its securities and cash positions.

STEMATCH was chosen among the principal market leaders via an international RFP. Prior to selecting and going into production with STEMATCH, KBL used two completely different reconciliation platforms.

François Regnier, head of the matching control department in KBL explains: “We chose STERCI not only because its solution meets our business requirements but also because it provides the most user-oriented solution and STERCI consultants provide significant reconciliation expertise. We are now congratulating ourselves on this decision as with just a few months of live production, we have increased productivity, quality and performance and improved risk management.” STEMATCH’s integration into the IT architecture of the bank was equally a proven success.

Etienne Savatier, STERCI international sales director, adds ”We are pleased with the successful implementation of STEMATCH in KBL, resulting from the fact that our product is one which is easy to configure and intuitive to use. The collaboration between the KBL teams and our product experts was exemplary. This success has allowed us to envisage product extensions towards other functionalities such as Forex reconciliation, the monitoring of securities payment delivery and treasury management.”

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