STERCI opens New York office

New York, NY - 6 March 2012

Sterci, the international leader in financial messaging technology, today announced the opening of Sterci America based in New York. The opening of this new subsidiary underlines Sterci’s strategy to strengthen its position in North America after the opening of Sterci Canada in 2010.

With a significant presence in the US along with 300 clients in 20 countries, Sterci is now in a better position to expand delivery of its first class Straight-Through Processing (STP) solutions to North American clients.

Based on modular components, Sterci’s GTSuite® portfolio of products delivers unparalleled rates of STP in the area of multi-network messaging with GTExchange®, reconciliation with GTMatch®, and format transformation with GTFrame®.

With a proven track record as market leader in the replacement of legacy SWIFT interfaces, combined with sophisticated tools that ensure complete interoperability between legacy, national, proprietary, SWIFT MT, DTCC, SEPA, MX and XML messaging standards, Sterci’s GTSuite is fast becoming the must-have portfolio of products for improving automation in the back-office of the financial industry.

Thanks to GTSuite, Financial Institutions benefit from a Single Window overview of high volume and complex message flows from multiple counterparties with the lowest TCO. This multi-network and multi-standard financial messaging hub is fully configurable and provides a total connectivity solution to a full range of SWIFTNet services as well as other external and internal networks such as FIX, domestic network, or DTCC SMART. This consolidated insight delivers better control, transparency and proven efficiencies to organisations around the globe.
Based upon 25 years experience in the messaging environment, the Sterci offer supports Banks, Financial Institutions, Corporates and the Securities Industry.

Rob Kotlarz, Director of Business Development at Sterci states: "With the increased market shares won by Sterci in North America, it was important to consolidate our footprint with an office in New York to complement our current Toronto office. This will provide us with extended capability to sell, implement and support our North American clients who have been excellent and positive adopters of our innovative technology."

Sterci Chief Executive Simon Kalfon adds: “The opening of the Sterci office in New York is key to Sterci’s international strategy. We have not only opened an office, we have also sent some of our top consultants onsite to ensure the best knowledge transfer to the North American teams and also recruited locally”.

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