New York, NY -- (ReleaseWire) -- 10/25/2012 -- IG Group, a world-leading provider of financial spread betting and CFD trading products, have implemented SunGard’s IntelliMatch Operational Control solution to establish a center of excellence for its reconciliation transactions. This fully integrated technology will support IG’s growing global operations across North America, Europe, Japan and Australia.
By implementing IntelliMatch Operational Control, IG have been able to automate all cash and securities reconciliations, helping the group achieve higher auto-match rates and reduce manual intervention. This greater level of efficiency allows staff to focus on process optimization and managing exceptions. SunGard’s solution will also help IG meet compliance reporting requirements by providing greater insight into its reconciliation processes.
James McCarthy, head of financial systems at IG Group, said, ‘Technology plays a core role in our business strategy, and it is critical that our infrastructure can scale up as our business expands. SunGard’s IntelliMatch Operational Control has helped us establish a centralized, scalable platform for real-time matching and reconciliation to 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 for SunGard’s Operations business, said, ‘SunGard’s IntelliMatch Operational Control helps global financial institutions like IG establish end-to-end automation for all reconciliation environments on a single platform, helping to reduce costs, lower operational risk and manage the long-term scalability and optimization of reconciliation-based business processes.’
About IG Group
Headquartered in London, IG Group are one of the UK’s top 200 companies, with offices across North America, Australia, New Zealand, South Africa, France, Germany, Italy, Luxembourg, the Netherlands, Portugal, Spain and Sweden. Its Chicago-based branch, Nadex, is the only U.S. exchange designed primarily for retail investors, listing simplified derivatives contracts on global markets. As the world’s most popular spread betting and CFD provider and a leading provider of retail forex,* IG have helped thousands of investors unlock opportunities in the financial markets.
About IntelliMatch Operational Control
SunGard’s IntelliMatch Operational Control solution suite helps financial institutions deploy enterprise matching and reconciliation solutions to achieve operational maturity. By enabling business growth 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, organizations will reduce operational risk and minimize costs. http://www.sungard.com/intellimatch.
About SunGard Financial Systems
SunGard is one of the world's leading software and technology services companies. SunGard has more than 20,000 employees and serves more than 25,000 customers in 70 countries. SunGard provides software and processing solutions for financial services, higher 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 $5 billion, SunGard is ranked 434 on the Fortune 500 and is the largest privately held business software and IT services company.