|SunGard Recognized as Global Leader in SWIFT Certified Solutions for Second Consecutive Year|
WAYNE, Pa.--(BUSINESS WIRE)--Nov. 20, 2001--Today SunGard (NYSE:SDS) announced that its straight-through processing solutions have garnered five SWIFTReady labels, the most for a technology vendor, for the second consecutive year. SunGard's Omni IC and MINT solutions have achieved SWIFTReady Gold status, and intelliMATCH EP has acheived SWIFTReady gold status twice, both for reconciliation and for payments. Global Plus has achieved SWIFTReady Silver status.
SWIFT is an industry-owned cooperative supplying secure messaging services and interface software to over 7,000 financial institutions in 194 countries. SWIFTReady labeling, introduced in 1998, provides a formula for benchmarking third party products that interact with messages that flow over the SWIFT network. SWIFTReady labels identify products that are SWIFT-compliant, integrate efficiently in a SWIFT environment, increase traffic automation and improve straight-through processing (STP). SWIFTReady Gold is the higher of the two awards.
``SunGard is a global leader in providing S.W.I.F.T.-enabled solutions for straight-through processing. S.W.I.F.T. is recognizing- through the several Gold and Silver `SWIFTReady' labels - the value SunGard applications offer our joint customers. SWIFT is looking forward to continuing this cooperation with SunGard to bring a new series of SWIFTNet enabled solutions to the market,'' said Victor Abbeloos, head of partner solutions, SWIFT.
Mack Gill, director of alliances for SunGard, commented, ``SunGard is pleased to once again be recognized by SWIFT as a provider of industry-leading solutions for financial services. Receiving the most SWIFTReady accreditations for the second year in a row demonstrates SunGard's commitment to providing the financial community with integrated, straight-through processing solutions. The value is in the network.''
SunGard's Omni IC, Gold accredited in the securities category, is an on-line, real-time, multi-platform system for domestic, regional or global custody accounting and services that includes multi-lingual, multi-booking and multi-currency processing capabilities. True platform scalability allows Omni IC to serve any size organization from a local emerging market operation to the largest global custodian on an efficient cost basis. This international custody system accomplishes straight-through processing from transaction entry to the delivery of client statements.
SunGard's intelliMATCH EP, garnered two SWIFTReady Gold labels this year, for both Reconciliation for Securities and also for Reconciliation for Payments. IntelliMATCH EP is a robust matching engine that provides a common platform for the reconciliation of multiple instruments including cash accounts, securities positions and movements, and trade confirmations and advices and performs exception processing. It automatically resolves exceptions, rather than just identifying them. intelliMATCH EP allows an institution to track the lifecycle of a transaction intra-day and in real-time, thus enhancing its Cash and Collateral management.
The MINT Knowledge Family, also SWIFTReady Gold accredited, is a comprehensive set of components for complete business integration. It transforms an organization's information assets into centrally managed knowledge, making it visible and available across the extended enterprise. The MINT family leverages emerging technology standards such as Java and XML.
Global Plus, which enjoys SWIFTReady Silver status, is an integrated, real-time, multi- currency, multi-lingual asset management and accounting platform used by global custodians and asset management institutions to profitably manage their high net worth and pension account clients.