ING Bank Slaski licenses City Networks for reconciliations and investigations

ING Bank Slaski licenses City Networks for reconciliations and investigations

Poland's ING Bank Slaski has licensed City Networks' reconciliation and investigations applications, which it will roll out at locations in Warsaw and Katowice.

The bank has purchsed the cash and intra-day modules of the CityNet Reconciliation package which it will use to settle nostro, internal and intra-day transactions. The CityNet Investigation module automates the handling of any exceptions resulting from the reconciliations process.

The City Networks technology replaces a manual and paper-based processes and a packaged reconciliation system.

Hanna Mantorska, head of monitoring at ING Bank Slaski Poland, says: "By maintaining IT efficiency, we can improve our operational capabilities, minimise risk and move closer to a true STP environment."

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