Rabobank chooses SmartStream for cash reconciliation
11 March 2002 | 3124 views | 0
Rabobank has implemented SmartStream Technologies Corona solution for real-time reconciliations and processing of cash transactions.
The Dutch bank now has 60 users across five business units using Corona at its head office in Utrecht.
The system provides functionality for the reconciliation of accounts, payments and securities as well as FX, money market and derivatives messages.
A key reason for choosing SmartStream was its ability to match multi-instrument types and perform real-time reconciliation, say Rabobank.
Henk Hutink, project manager, at Rabobank, says: "We are constantly striving to improve operational efficiency and respond to the increasing demands of a 24-hour global economy. By using Corona we are able to receive and process payments around the clock, allowing us to monitor our real-time cash position and limit risk exposure."