Specialist securities processing provider selects Sterling Commerce to provide a single multi-channel gateway for global communications
VIENNA, September 16, 2008 At Sibos 2008, Sterling Commerce, an AT&T Inc (NYSE:T) company, announced that SLIB, a leading provider of solutions and services for the European securities industry, has selected Sterling Multi-Enterprise Finance Gateway to act as the central communications hub for secure, business-to-business message exchange, between SLIB’s partners and customers, its back office and its data warehouse.
The current economic climate combined with an increasingly complex securities trading landscape has created a number of challenges for SLIB and its customers. Today, increasing competition and the added complexity and growing volumes of cross-border financial transaction settlement, underpinned by stringent legislative compliance measures such as MiFID or initiatives like Euroclear’s Single Platform, has led to rising demand for SWIFT capabilities in the securities industry from SLIB’s customers.
“In this environment, a major priority for SLIB is to be able to anticipate and actively respond to increasing demands from our customers. Our role is to help mitigate the complexity they are facing,” comments Bernard Tardy, Sales and Marketing Director at SLIB. “With Sterling Multi-Enterprise Finance Gateway, SLIB benefits from a solid foundation for supporting future industry requirements including new formats, such as ISO 20022. By continuing to invest in state of the art technology and accelerating business development, we are well positioned to meet the needs of our customers now and in the future.”
Sterling Multi-Enterprise Finance Gateway provides a single, scalable platform for delivering streamlined, efficient and cost effective securities processing via SWIFTNet, ensuring the integration, routing and translation of messages to enable to Straight-Through-Processing for SLIB. Fully SWIFT compliant, Sterling Multi Enterprise Finance Gateway provides SLIB with heightened time-to-market in the delivery of new solutions to customers, whilst providing the scalability to support future revenue plans for growth.
Richard Spong, Financial Services Industry Marketing, Sterling Commerce, EMEA, said “Sterling Commerce was selected based on our industry-leading SWIFT-Ready certified Sterling Multi-Enterprise Finance Gateway solution, which provides a simplified but highly intuitive processing hub to enable a seamless and unified connection between SLIB solutions and SWIFT. By consolidating process management onto a single platform, SLIB can drive operational efficiency via increased control and visibility. By connecting with new customers and partners efficiently, quickly and more cost effectively, SLIB improves its responsiveness to customer and industry needs with a highly adaptable solution that scales to match business growth.”
Sterling Multi-Enterprise Finance Gateway is a comprehensive business process management and integration solution for payments and other financial inter-enterprise communications, providing SLIB with the capability required for secure data delivery of multiple communication types to a range of partners and customers over different network and media standards, including SWIFT FIN and XML; message and file support. In addition, the business process modeling functionality ensures that SLIB can readily adapt to evolving domestic and international standards, and ensures end-to-end real-time visibility across SLIB’s value chain. The transparency of data at every step of the transactional process improves SLIB’s ability to provide status tracking and audit trails
Sterling Commerce is exhibiting the Multi-Enterprise Finance Gateway and its broad portfolio of Financial Services solutions at stand C617, hall C at Sibos 2008, from Sept. 15-19, in Vienna. To find out more about Sterling Commerce activities, visit http://www.sterlingcommerce.com/About/Events/.
ENDS
About SLIB - SIBOS Stand B302
Established in 1988, Paris-based SLIB has played a leading role in the evolution of the European finance industry, and now offers expertise and innovation in the solutions it provides to more than 60 banks, investment firms, portfolio management companies and specialised financial institutions. Both a software editor and an Application Service Provider, SLIB employs 100 people in Paris, Lyon, Brussels and London and is jointly owned by Natixis and BNP Paribas. www.slib.com
About Sterling Commerce
Sterling Commerce, an AT&T Inc (NYSE:T) company, helps customers thrive in a global economy by connecting their business communities, processes, people and technology. More than 30,000 customers worldwide – including 80 percent of the Fortune 500 – use Sterling Commerce solutions for business process integration, multi-channel selling, and supply chain fulfillment to improve profitability inside and outside their company walls. Headquartered in Columbus, Ohio, Sterling Commerce has offices in 19 countries and most major cities around the world. More information can be found at www.sterlingcommerce.co.uk
For media enquiries please contact:
Willemijn Steegenga
Sterling Commerce
Tel. +31 (0) 653 691481
willemijn_steegenga@stercomm.com
Lindsey Marsh
Nelson Bostock Communications
Tel. +44 (0) 20 7792 7446
lindsey.marsh@nelsonbostock.com