Indocam Subsidiary of Credit Agricole Selects SunGard
Solutions for Integrated Straight-through Processing
Business
Editors/Hi-Tech Writers
WAYNE, Pa. (BUSINESS WIRE)
Aug.
7, 2000
SunGard (NYSE:SDS) today announced that Indocam, one of Europe's
leading asset management firms, has licensed an integrated
straight-through processing (STP) solution.
SunGard's intelliMATCH trade reconciliation and matching system and
Decalog order management and trading system have been integrated using
SunGard Business Integration's MINT Knowledge Hub.
Like many institutions in the global asset management industry, Indocam
required an STP solution to address its trade processing requirements,
to minimize manual intervention and reduce point-to-point interfaces in
its heterogeneous back-office systems environment.
Indocam's priority was the creation of a strategic Enterprise
Application Integration (EAI) platform, including external
interoperability with networks such as Oasys, Global Direct and SWIFT.
In particular, Indocam needed a complete business integration solution
to incorporate sophisticated trade matching and reconciliation
capabilities. Xavier Barrois, managing director for IT at Indocam,
explained, "We were keen to identify a major vendor who not only
provided excellent STP technology and credentials in terms of
understanding the complexities of our business process, but provided
more functionality and value added. With SunGard, we found a complete
solution offering which fully met our requirements."
Hagay Shefi, president and
chief executive officer of SunGard Business Integration, commented,
"This impressive client win represents the essence of what SunGard
Business Integration does best. We leverage the various best-of-breed
business applications from across SunGard and provide an integrated
solution through the MINT Knowledge Hub."
About Indocam
Indocam is the asset management subsidiary of Credit Agricole, an
international leading bank with an AA credit rating. Indocam was
created in 1997 by the merger of the investment arms of Credit Agricole
and Banque Indosuez, which had been managing assets since the early
1950's.
With over 710 employees, Indocam manages over EUR150 billion for a
broad range of institutions and individuals, served from 15 offices
based around the world.
About SunGard Business Integration
SunGard Business Integration is a leading provider of intelligent
middleware and enterprise application integration solutions designed
exclusively for the financial services industry. Based on the company's
knowledge of the complex transaction processes required in financial
services, these solutions significantly reduce the effort of
integration across organizations, as well as across disparate
incompatible systems.
SunGard Business Integration solutions empower users by providing the
business intelligence, rules and definitions for message processing
(including message translation, transformation, enrichment and
routing). SunGard Business Integration solutions are installed at major
financial services institutions worldwide.
About SunGard
SunGard Business Integration is an operating unit of SunGard
(NYSE:SDS), a global leader in integrated IT solutions and eProcessing
for financial services. SunGard is also the pioneer and a leading
provider of high-availability infrastructure for business continuity.
With annual revenues in excess of $1 billion, SunGard serves more than
10,000 clients in over 50 countries, including 47 of the world's 50
largest financial services institutions. Visit SunGard at
www.sungard.com.
Trademark Information: SunGard and the SunGard logo are trademarks or
registered trademarks of SunGard Data Systems Inc. in the U.S. and
other countries. All other trade names are trademarks or registered
trademarks of their respective holders.
