SINGAPORE, May 10, 2013 /PRNewswire/ -- Techcombank, a leading Vietnamese joint stock commercial bank, has selected SunGard's IntelliMatch Operational Control solution to automate its cash, ATM and card reconciliations to help drive business efficiency and growth.
IntelliMatch Operational Control will replace manual reconciliations processes at the bank, providing a single, centralized reconciliation platform for cash, card and ATM transactions. Automating these processes will help boost efficiency, reduce error and lower operational risk. The bank will also benefit from enhanced productivity as staff will be able to focus on value-added activities such as exception handling.
"Our goal is to be at the forefront of banking innovation in Vietnam and our technology partners are key to helping us achieve this. SunGard's IntelliMatch Operational Control provides us with a rule based, configurable engine which supports inward and outward reconciliation for both domestic and international payments. SunGard's local support capabilities and multi-asset expertise, particularly in ATM reconciliation, were important factors in our decision-making process," said Phung Quang Hung, chief technology officer, Techcombank.
SunGard's IntelliMatch Operational Control 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 to ultimately lower total cost of ownership and increase efficiency.
About SunGard Financial Systems
SunGard Financial Systems provides mission-critical software and IT services to institutions in virtually every segment of the financial services industry. The primary purpose of these systems is to automate the many detailed processes associated with trading, managing investment portfolios and accounting for investment assets. These solutions address the processing requirements of a broad range of users within financial services, including asset managers, traders, custodians, compliance officers, treasurers, insurers, risk managers, hedge fund managers, plan administrators and clearing agents. In addition, we also provide professional services that focus on application implementation and integration of these solutions and on custom software development.
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