ProMatch - The Next generation matching engine
ProMatch is TietoEnator's next generation matching engine for realtime account reconciliation and matching of FX/MM trades. For our users, ProMatch has become an invaluable tool in minimising the operational risk in a complex reconciliation environment.
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Norwegian,
French,
German,
Spanish,
Swedish,
Danish,
Dutch,
English
Supported Technologies
MVS(OS/390)
XML
Software
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Pricing
- Unspecified -
vigdis.stenhammer@tietoenator.com
+47 23319000
Additional Product Information
Driven by market initiatives such as RTGS, DvP, CLS and T+1, the complexity of cash reconciliation and liquidity management has increased. Cash positions must be monitored and balanced throughout the day, and it is no longer sufficient to aim for a zero-balance at end of day.
This pressure on liquidity puts extra focus on operational procedures within the bank. The right deal needs to be settled on time with all related cash postings executed correctly. Timing is of great importance, ensuring that sufficient liquidity is available when required. Poor timing can lead to increased operational risk in the form of failed settlements.
Integrated real-time matching
ProMatch is TietoEnator's next generation matching engine for realtime account reconciliation and matching of FX/MM trades. For our users, ProMatch has become an invaluable tool in minimising the operational risk in a complex reconciliation environment.
ProMatch provides an efficient realtime multi-product/multi-instrument reconciliation and matching platform with seamless integration between different matching modules, including
Confirmations matching module for matching of FX/MM trades with other financial institutions, brokers and corporate customers
Accounts module providing advanced functionality for reconciliation and supervision of nostro and other account types
Matching of pre-advice against actual payment in order to monitor and report expected payments from the bank’s account holder
Value-added features
ProMatch also gives banks the opportunity to offer their non-SWIFT counterparts added services. Such matching functions in trade confirmation and account reconciliation are made available through direct access over the Internet or by Email confirmations.
The Exception Management module can be used together with each matching module to identify and prioritise exceptions.
Web-based multi-bank system
ProMatch is a multi-bank/multi-language system, allowing banks to centralise their global reconciliation and matching through one physical installation. ProMatch is a host-based system with thin web-based GUI clients, allowing banks to distribute usage through their own Intranet, or to customers via their Internet portal.