N° 7 April 2006

Stematch SWIFTReady Gold 2006 awards

 

SWIFT has renewed for the third consecutive year Stematch with the highest award labels. Stematch is SWIFTReady Gold 2006 for Cash and     Securities Reconciliation, which means the SWIFT compliance              recognition to provide a comprehensive automation using SWIFT        messaging standards.

According to a recent survey from TowerGroup, Bank spending on      reconciliation and exception management systems will increase from $238 million in 2006 to over $310 million in 2009, a compound annual growth rate of 11%.

This means new opportunities for Stematch that seems to be the right product at the right time with proven successful implementations in    Switzerland, Luxembourg, UK, and Saudi Arabia.

 

 

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