Bank Hapoalim Switzerland live with full STERCI SOA solutions for STP

Zurich - 22 October 2010

Sterci, the leading international software provider of SOA solutions for STP, today announced that Hapoalim Bank Switzerland Ltd completed the migration to Sterci product suite for global consolidation their international and domestic SWIFT messages traffic and Reconciliation matching in central Europe operation. With offices in Zurich, Geneva, Luxembourg & Singapore – STELINK & STEMATCH are used as centralized hub for all business, Production located in Zurich and DRP site in Geneva.

The STELINK application is used as a HUB for swift messages that are exchanged with the different corresponding external and internal branches and entities of the bank (5). Interfaced with back office application Olympic and AML products, managing FIN & RMA traffic for all branches. The migration from MINT was smoothly, users from the different locations are now connected over WEB Thin Client interface for all SWIFT FIN & RMA activities.

STEMATCH – the SWIFT Ready Reconciliation 2010 Label solution, is managing the Matching processes at the bank for Cash, Forex & Money Market, Securities Holding and Securities Transaction, with high rate of automation processes.

STEFORM – the SWIFT Ready FUNDS 2010 solution, is used as an EAI bus integrating in-house applications and automation of processes between various business flows. SWIFT and non SWIFT data are integrated in order to ease the STP automation for financial messaging and reconciliation.

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