11 December 2017
visit www.avoka.com

Knab rolls out ReconArt reconciliation tech

08 October 2012  |  1327 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)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.solutions.lexisnexis.comvisit http://info.nice.comvisit www.aciworldwide.com

Who is commenting?

Top topics

Most viewed Most shared
Revolut lets customers buy Bitcoin, Litecoin and EthereumRevolut lets customers buy Bitcoin, Liteco...
18532 views comments | 26 tweets | 22 linkedin
Saxo Bank's 'Outrageous Prediction': Bitcoin to peak at $60k next year before spectacular crashSaxo Bank's 'Outrageous Prediction': Bitco...
11429 views comments | 7 tweets | 7 linkedin
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
7872 views comments | 15 tweets | 21 linkedin
Santander UK poaches Barclays innovation chief Michael HarteSantander UK poaches Barclays innovation c...
6661 views comments | 8 tweets | 17 linkedin
Alior Bank to use Open API platform and accelerator to create fintech marketplaceAlior Bank to use Open API platform and ac...
6097 views comments | 19 tweets | 10 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job