SINGAPORE - Overseas Union Bank, the fourth-largest bank here, has chosen SunGard Business Integration to provide the core components of its new consolidated payment center.

The payment center will handle inbound and outbound transactions.

It is part of a two-phase project at the $23 billion-asset bank to improve business flow management and operational risk, and achieve straight-through processing.

The SunGard unit provides connections between businesses through the Society for Worldwide Interbank Financial Telecommunication's network.

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