Contact Information: For more information, contact: Emily Hall Sterling Commerce (614) 790-8607 Jamie Leicht Fleishman-Hillard (619) 237-7711
SLIB Implements Sterling Multi-Enterprise Finance Gateway to Simplify Straight-Through Processing of Transactions
Specialist Securities Processing Provider Selects Sterling Commerce to Provide a Single Multi-Channel Gateway for Global Communications
| Source: Sterling Commerce
VIENNA, AUSTRIA--(Marketwire - September 15, 2008) - Sibos 2008 Conference -- Sterling Commerce, an AT&T Inc.
(NYSE : T ) company, announced that Services
et Logiciels d'Intégration Boursière (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 (B2B) 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 such as Euroclear's Single Platform, have 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," said 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
while providing the scalability to support future revenue plans for growth.
"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," said Jim Gahagan, global industry
executive, financial services for Sterling Commerce. "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 it 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, Austria. To find out more about
Sterling Commerce activities, visit
http://www.sterlingcommerce.com/About/Events/.
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 specialized 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
82 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 on
the company can be found at www.sterlingcommerce.com.