Sterling Commerce and Perago Extend Solutions for RTGS Participant Banks
Sterling Commerce has announced that it has entered into a new partnership with Perago, an SIA-SSB Group company, with the goal of enabling banks to integrate and improve straight-through processing (STP) to their central real time gross settlement (RTGS) systems. Simultaneously, Sterling Commerce is extending its existing partnership with Perago’s South African-based subsidiary, Perago Africa. Already a Sterling distributor to the financial industry, Perago Africa will also now distribute Sterling Commerce solutions across all industry segments in sub-Saharan Africa. The two companies will work together in the development and distribution of a comprehensive packaged RTGS participant solution designed to enable banks to integrate seamlessly between the central RTGS system and their own back-end core banking applications. The new solution will also provide message enrichment at the individual participant bank level to enable optimal utilisation of the functionality offered by the Perago:RTGS solution. The Sterling Multi-Enterprise Finance Gateway will be used as the integration platform for the Perago:RTGS application to provide integration of the range of back office systems used by individual participants with the central RTGS system.