The solution provides a single platform that reconciles ledger and custody systems against nostro and securities accounts. It is designed to reduce operational costs, minimise risks and improve efficiency as the volume of transactions increases.
By replacing legacy systems and the manual processes associated with them, and by centralising the reconciliation process, Generali Vie should be able to onboard other transaction types on to the platform more quickly, including system-to-system reconciliations.
Christophe Privat, a manager of information systems at Generali Vie, said: “We aim to offer high-quality service to our customers and a key element of this commitment is ensuring we remain operationally efficient.”
“We regard SunGard as a valued strategic vendor that is capable of supporting our long-term enterprise reconciliation requirements. We plan to progressively add further reconciliations on to SunGard’s IntelliMatch Operational Control and thus benefit from economies of scale and minimised operational costs. It also gives us the ability to manage significant transaction volumes without requiring additional resources.”
Jennifer Hanes, CEO of SunGard’s IntelliMatch business, added: “Financial services organisations can benefit from working with a single strategic solutions vendor that is capable of meeting multiple financial technology requirements across the enterprise.”
“SunGard’s IntelliMatch Operational Control helps organisations reduce costs by rationalising multiple systems and eliminating manual processes.”