20 December 2014

National Bank of Kuwait deploys SmartStream reconciliation technology

02 June 2009  |  3445 views  |  0 handshake

National Bank of Kuwait (NBK) has implemented SmartStream Technologies' TLM Corona for cash reconciliations and investigations.

The bank has replaced its mainframe-based system with a centralised reconciliation utility using TLM Corona's cash, universal data and investigations modules.

The vendor says this centralised approach provides the bank with greater consistency and control across its reconciliation processes.

A thin client user interface, TLM WebConnect, enables the bank to monitor and manage transactions in real time while also supporting more efficient operations through its zero footprint, zero download deployment model.

Fadi Chehayeb, CIO, National Bank of Kuwait, says: "We have successfully gone live with TLM Corona for our cash reconciliations, replacing our existing Scannor system and we are already seeing significant improvements in our auto matching."

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

07 May, 2009
25 March, 2009
21 January, 2009
12 November, 2007
12 October, 2006
10 October, 2006

Related company news

 

Featured job

Competitive
New York City, NY (USA)

Find your next job