KBC selects SunGard for securities processing
KBC has selected intelliMATCH from SunGard eProcess Intelligence, an operating unit of US financial services IT provider SunGard, for matching and reconciliating trades.
Swift - the Society for Worldwide Interbank Financial Telecommunication - is an industry-owned consortium providing banks, broker-dealers and investment managers with a standardised, secure messaging protocol. It also provides the financial services industry with market and IT infrastructures in payments, treasury, derivatives, securities and trade services.
KBC will also be able to develop customised matching rules to support its unique business needs.
“We chose intelliMATCH because it met most of our requirements for a best-of-breed trade-matching solution,” said Walter Mees, senior manager of KBC’s custody department.
“We feel that the application will be easily self-managed and self-supported with little intervention from SunGard eProcess Intelligence - another important factor in the decision to invest in intelliMATCH,” he added.
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