25 November 2015

Knab rolls out ReconArt reconciliation tech

08 October 2012  |  1040 views  |  0 Source: ReconArt

ReconArt announces the successful implementation and go-live of its ReconArt reconciliation solution at Knab, the latest online and mobile-centric bank launched recently in the Netherlands and backed by insurance giant AEGON.

As the nascent bank that was to become Knab was building its operations infrastructure it recognized the need to put in place secure foundations to ensure the smooth running of all its operations. Central to this was deployment of reconciliation technology to guarantee the accuracy of its clients' transactions and balances by matching data from multiple internal and external sources on a timely basis. Knab scoured the market for a solution that would meet its needs on day one and scale in the future as its client base and footprint expands. After a detailed evaluation of multiple vendor solutions Knab chose ReconArt as its trusted partner. Ease of deployment without compromising functionality or future scalability, coupled with proven gateways to standard data sources, were key considerations, not to mention low total cost of ownership and high return on investment.

"Easy implementation, easy to work with, automates the tedious jobs and frees up valuable time to focus on sorting out differences - just the right tool to be in control" is how Marco van Bakel, Knab's Controller, sums up the ensuing deployment of the ReconArt solution.

As ReconArt continues to expand its client base in multiple geographies Nicolo Nisbett, ReconArt's Executive Vice President responsible for global sales, states "The flexibility that ReconArt offers in terms of either in-house or cloud deployments, coupled with extreme ease of initial implementation and downstream expansion, made ReconArt™ the ideal platform. We are delighted to have Knab join our rapidly growing community of clients." 

Comments: (0)

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

Related blogs

Create a blog about this story (membership required)

Related company news


Top topics

Most viewed Most shared
MIT to run fintech degree course
8491 views comments | 35 tweets | 14 linkedin
Coinbase issues Bitcoin debit card
7661 views comments | 16 tweets | 21 linkedin
Apple Pay users given a free ride in Londo...
7620 views comments | 21 tweets | 29 linkedin
UK banks hardest hit by non-bank money tra...
7443 views comments | 27 tweets | 30 linkedin
R3 blockchain collaboration project builds...
6304 views comments | 30 tweets | 27 linkedin

Featured job

Competitive Package
New York City, NY. USA

Find your next job