Crédit Lyonnais and SunGard Join Forces for Transaction Processing
Crédit Lyonnais has joined SunGard’s AvantGard-ETX network. AvantGard-ETX provides Crédit Lyonnais cash management, treasury and execution services, including trading, borrowing and investing. Using AvantGard-ETX, Crédit Lyonnais is able to connect to a network of member financial institutions for transaction processing and viewing global cash positions. Crédit Lyonnais is SunGard’s first AvantGard-ETX customer in France. “Our strategy is to offer electronic services to our clients through their existing tools, instead of forcing them to use our proprietary bank solutions. This strategic business relationship with SunGard opens new possibilities, especially for those of our clients who are managing their cash management business from the United States and are already SunGard customers,” said Dominique Piot, head of cash management, Crédit Lyonnais.