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Unitech Systems, Inc. Forms Partnership with BGC in Sweden; RIX INstream Brings Automated Payments Controls and Settlement Solutions to the Swedish Central Bank.


NAPERVILLE, Ill. -- Unitech Systems, Inc., the leading provider of automated information control solutions, has formed a partnership with BGC BGC General Cable Corporation (stock symbol)
BGC Billy Graham Center
BGC Baptist General Conference (formerly Swedish Baptist Denomination)
BGC Boys & Girls Club
BGC Bubblegum Crisis
 to resell a new service, RIX RIX Riga Internet eXchange (Riga, Latvia)
RIX Ruggedness Index (topography complexity)
RIX Riga, Latvia - Riga (Airport Code) 
 INstream that will automate the payment and settlement controls towards the Swedish Central Bank (Swedbank). The service will be launched to financial institutions in Sweden in the fourth quarter of 2005.

"RIX Instream will create automated information controls between the bank and BGC," says Elisabeth Johnson, Head of Clearing at Swedbank. "The service contained originally the settlement, but now has expanded to include monitoring and file management. RIX Instream captures the actual errors and when these occur, the bank receives real time alarms," Elisabeth Johnson concludes.

"Unitech Systems, Inc. is pleased to be partnering with BGC as part of an overall payments and controls solution to financial institutions in Sweden," said Dan Dopp, Managing Director of International Operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee.  for Unitech Systems. "This is a model of how automated information controls can provide insight into the end-to-end payment process, even when spanning two organizations. We look forward to working with BGC in serving Swedbank and the many other financial institutions that will benefit from the RIX INstream solution."

About Unitech Systems, Inc.

Founded in 1982, Unitech Systems, Inc. is the leading provider of automated information control solutions. Unitech Systems' portfolio of controls helps companies comply with laws and regulations such as Sarbanes-Oxley by assuring that their processes - and the information that they contain - are accurate, consistent, and reliable. Unitech Systems serves hundreds of customers including 80 percent of the top ten financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page.
 companies worldwide, and 70 percent of the top ten U.S. life insurance companies. The company maintains its home office in Naperville, IL., and has regional offices in the U.S., Canada, Western Europe Western Europe

The countries of western Europe, especially those that are allied with the United States and Canada in the North Atlantic Treaty Organization (established 1949 and usually known as NATO).
, and affiliates in Italy, Chile and Australia. For more information, call +1.630.505.1800 or visit www.unitechsys.com.

About BGC

BGC is an intermediary provider of solutions for payment and transaction information and also solutions for digital identifications. The company products create the pre-requisites for safe and effective business transactions for Swedish banks, corporations and authorities. BGC develops continuously new products to assure a product portfolio that can always satisfy the customer needs. BCG BCG bacille Calmette-Guérin.

BCG
abbr.
1. bacillus Calmette-Guérin

2. ballistocardiogram


BCG,
n.pr See bacille Calmette-Guórin.
 is owned by SEB Noun 1. SEB - a form of staphylococcal enterotoxin that has been used as an incapacitating agent in biological warfare
staphylococcal enterotoxin B
, Svenska Handelsbanken, Swedbank, Danske Bank Danske Bank is a Danish bank. It was founded 5 october 1871 as Den Danske Landmandsbank, Hypothek- og Vexelbank i Kjøbenhavn (The Danish Farmers' Bank, Mortgage and Exchange Bank of Copenhagen). , SkandiaBanken, Lansforsakringar Bank, Kaupthing Bank Kaupthing Bank (Icelandic: Kaupþing banki) (, OMX Stockholm: KAUP SEK) is an Icelandic bank, headquartered in Reykjavík, Iceland. It was formed by the merger of Kaupthing and Búnaðarbanki Íslands in 2003 and is the largest bank in Iceland.  of Nordea. Within the main product area, BGC every bank day mediates 17 billion SEK SEK

In currencies, this is the abbreviation for the Swedish Krona.

Notes:
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion.
 or 1,5 million payment assignments.

About Swedbank

Swedbank is one of the leading banking groups in the Nordic countries with total assets of SEK 1,004 billion, 4.2 million household customers and 225,000 corporate customers in its home market. Its own 496 branches and the 289 belonging to the independent and partly owned savings banks together constitute Sweden's largest distribution network for financial products and services. The Group also holds a market-leading position in the Baltic countries of Estonia, Latvia and Lithuania through its Hansabank subsidiary. Swedbank customers are primarily households, SMEs, municipalities, country councils and a number of large corporations. The Group's services are focused on savings and asset management, residential mortgages and financing, payments and transfer services. For more information about Swedbank AB, please visit www.fsb.se.
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Publication:Business Wire
Geographic Code:1USA
Date:Aug 3, 2005
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