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Date Posted: 4/20/2005

Standard Bank Selects SunGard's intelliMATCH for Enterprise Reconciliations

 
 
LONDON--(BUSINESS WIRE)--April 12, 2005--SunGard (NYSE:SDS - News) today announced that Standard Bank has licensed intelliMATCH for global matching and reconciliations across all of its branches and lines of business.

Standard Bank is one of the largest African-based banking associations, operating in 17 African countries and 21 countries on other continents. A customer of SunGard since 1996, Standard Bank chose intelliMATCH as the reconciliation solution to help improve control and processing efficiency across the enterprise. The bank has licensed intelliMATCH to perform cash, securities, confirmations and generic data reconciliation.

Fred Manthe, IT manager-reconciliations, Standard Bank, commented, "We chose intelliMATCH as our enterprise-wide reconciliation platform for its generic matching capability and ease of use. It presents clear business fit and effectively supports the groups' consolidation and rationalisation strategy."

Tom King, president of SunGard's intelliMATCH, commented, "We are delighted that Standard Bank has chosen intelliMATCH to fill their enterprise requirement for a reconciliation solution. The expansion of Standard Bank's use of intelliMATCH underlines our commitment to providing our customers with best-of-breed solutions to meet their growing business."

About Standard Bank Group

Rooted in Africa and with strategic representation in key sub-Saharan markets, the Standard Bank Group is a regional banking force with a global sweep. The holding company, Standard Bank Group Limited (SBG) is based in Johannesburg, South Africa.

The group delivers its services through more than 1 000 points of representation throughout South Africa. Its network spans 17 other sub-Saharan countries and extends to 21 countries on other continents, including the key financial centres of Europe, the United States and Asia.

SBG is the largest South African banking group ranked by market capitalisation and earnings. It is an established leader in banking technology for the personal and business markets in South Africa, while the corporate and investment banking arm has consistently been ranked in peer surveys as the market leader. In addition to banking, the Standard Bank Group has a strategic interest in the insurance industry through its control of the Liberty Group, one of Africa's leading life offices and financial services groups.

At 31 December 2004, the group had assets of R505 billion and employed more than 35 000 people worldwide.

About intelliMATCH

intelliMATCH is a leading reconciliation and exception processing solution that helps improve straight-through processing rates by automating the matching, reconciliation, research, and resolution of exceptions throughout the entire transaction lifecycle. intelliMATCH reconciles multiple instruments, including: FX, Nostro accounts, internal accounts, securities positions, movements, confirmations and advices.

About SunGard

SunGard is a global leader in integrated software and processing solutions, primarily for financial services. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 20,000 customers in more than 50 countries, including the world's 50 largest financial services companies. SunGard (NYSE:SDS - News) is a member of the S&P 500 and has annual revenue of $3 billion. Visit SunGard at www.sungard.com.

Trademark Information: SunGard, the SunGard logo, and intelliMATCH are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.



--------------------------------------------------------------------------------
Contact:
SunGard ePI
Meredith Hyland, 973-422-4789
Meredith.hyland@epic.sungard.com



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Source: SunGard
 
 


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