SunGard Lets Tiger Out of the Bag
Crédit Lyonnais Americas has become the first customer of SunGard Treasury Systems’ AvantGard Tiger solution for payment initiation and balance transaction reporting. The bank introduced the solution in July, using the Funds Transfer and Balance Transaction Reporting modules. The system allows customers (including banks and corporates) of Crédit Lyonnais Americas to initiate a variety of international and domestic payments and provides access to their balances for accounts held with CLA and other financial institutions. The new AvantGard Tiger Statements module will also provide their correspondent banks with Nostro account statements electronically. In a separate development, SunGard’s intelliMATCH EP has been awarded the SWIFT Ready Gold Label for the Fourth Consecutive Year. The solution, which provides automated exception processing, was again accredited for both Reconciliation for Securities and Reconciliation for Cash.