Commerzbank is upgrading to version 6 of City Network's CityNet Cash Reconciliation (Cars) module at its office in New York.
Cars is an integrated cash account reconciliation and investigation processing system. The module delivers on-screen exception processing and reconciles nostro and internal account transactions with those held by correspondent and custodian banks.
London-based City Networks says the new version will enable Commerzbank to expand the functional use of its reconciliation software in New York.