London (PRWEB) October 22, 2012
The IG Group, a leading provider of financial spread betting and contracts for difference (CFDs), has gone live on SunGard’s IntelliMatch Operational Control, establishing a reconciliation center of excellence to support its growing global operations.
The IG Group has implemented IntelliMatch Operational Control at its headquarters in London to help automate its cash and securities reconciliations across its business. This greater level of automation will help IG achieve higher auto-match rates and reduce manual intervention, so that staff activity can be focused on managing exceptions and further process optimization. SunGard’s solution will also help IG meet compliance reporting requirements by providing business insight into its reconciliation processes with a ‘point-in-time’ capability to view a snapshot of its reconciliations retrospectively.
James McCarthy, head of financial systems at IG, said, “Technology plays a core role in our business strategy, as it is critical that our infrastructure can scale up as our business expands. SunGard’s IntelliMatch Operational Control has enabled us to establish a centralized, scalable platform for real-time matching and reconciliation to help reduce risk, improve audit and control and eliminate manual processes. We selected SunGard because of the strength of the solution, its web-based user interface and its point-in-time reconciliation functionality.”
Jennifer Hanes, executive vice president, Operations, for SunGard’s Banking business, said, “SunGard’s IntelliMatch Operational Control helps global financial institutions like the IG Group establish end-to-end automation for all reconciliation environments on a single platform, helping reduce costs, lower operational risk and manage the long-term scalability and optimization of reconciliation-based business processes.”
About IG Group
IG Group Holdings plc is a United Kingdom-based company. The IG Group is a global provider of contracts for difference (CFDs) and spread betting to retail investors. IG, through its main brands, IG Index and IG Markets, provides over 14,000 spread betting and CFD products on a range of financial markets, including forex, stock indices, shares, commodities, binaries, options and interest rates. IG Group Holdings plc, the parent of the IG Group, is listed on the London Stock Exchange. The IG Group employees approximately 1,000 people worldwide and has offices in the UK, France, Spain, Portugal, Germany, Italy, Sweden, Netherlands, Luxembourg, Japan, Australia, South Africa and Singapore. For more information, please visit http://www.iggroup.com.
About IntelliMatch Operational Control
SunGard’s IntelliMatch Operational Control solution suite helps financial institutions deploy enterprise matching and reconciliation solutions to achieve operational maturity. IntelliMatch Operational Control helps businesses grow through rapid on-boarding of new reconciliations, consolidation of infrastructure and processes for lower total cost of ownership, and optimization of processes for greater efficiency. IntelliMatch Operational Control can help organizations reduce operational risk and minimize costs.http://www.sungard.com/intellimatch
About SunGard’s Ambit
SunGard’s Ambit is a banking solution suite for retail, commercial and private banks. It provides banking professionals with solutions that support front-, middle- and back-office operations, as well as solutions for financial management, risk and compliance. Ambit helps banks retain and acquire customers, achieve dynamic staff efficiency and measure and allocate their capital. For more information, visit http://www.sungard.com/ambit.
SunGard is one of the world’s leading software and technology services companies. SunGard has more than 17,000 employees and serves approximately 25,000 customers in more than 70 countries. SunGard provides software and processing solutions for financial services, education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue of about $4.5 billion, SunGard is the largest privately held software and services company and was ranked 480 on the Fortune 500. For more information, please visit http://www.sungard.com.
Trademark Information: SunGard, the SunGard logo, Ambit, and IntelliMatch are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. IG and the IG logo are registered trademarks of IG Group Holdings plc or its subsidiaries in the U.K. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.