Bank of Tokyo-Mitsubishi is rolling out the latest version of City Network's CityNet confirmation matching module across its global operations.
The system is already live at the bank's London branch and is being used for FX, inter-bank and customer dealing confirmation matching.
Koichi Tanaka, senior manager, global corporate banking IT planning office, Bank of Tokyo-Mitsubishi, says: "The integrated solution from City Networks has provided significant benefits in our real-time transaction process."
Bank of Tokyo-Mitsubishi has also contracted with City Networks' Japan office for the development and supply of an interface between the module and its centralised Overseas System (OVS). The vendor says phase one of the interface, called 'Interceptor' went live in early June. Phase two is in development and is being specifically designed to allow ease of installation at future locations.