Using AvantGard Treasury Bank Connectivity, SunGard’s AvantGard and Nordea Bank have formed a relationship that will provide Nordea’s customers with direct access from SunGard’s AvantGard Treasury solution to Nordea Bank’s treasury management services.

To trading partners and banks, SunGard’s AvantGard offers market neutral and vendor neutral connectivity. In association with exchange partners, it helps corporate users to gain a holistic view of all global cash positions. SunGard and Nordea are able to offer Internet-enabled straight-through processing across a range of payment and reporting services by combining the AvantGard Treasury Bank Connectivity solution with Nordea’s treasury management services and a secure messaging network.

“The relationship between SunGard and Nordea will provide our mutual customers with an efficient and convenient method of accessing vital account data and treasury management services. It will also help ensure that their treasury needs are met both today and going forward,” declared head of cash management sales at Nordea Bank, Claus Asbjorn Stehr.