18 November 2017
visit www.atos.net

Eurobank chooses TLM Corona for Romanian reconciliations processing centre

03 August 2009  |  1386 views  |  0 Source: SmartStream Technologies

SmartStream Technologies, the financial Transaction Lifecycle Management specialist, today announced that Eurobank, the second largest bank in Greece, has selected TLM Corona for cash reconciliations within its new processing centre.

Eurobank has grown significantly in the last five years, acquiring a number of banks in Bulgaria, Serbia, Turkey and the Ukraine. As a result, it is building a new processing centre in Romania to manage all the reconciliations of its overseas subsidiaries, and wanted a single reconciliation solution that could be used by all subsidiary operations.

SmartStream's TLM Corona was selected because it offered the flexibility to efficiently add new reconciliation types and the scalability to manage further transaction volume growth. The first of eight Eurobank subsidiaries, Banc Post in Romania, is now moving it's reconciliations into TLM Corona with other banks to follow over the next year.

Christian Schiebl, Executive Vice President, SmartStream Technologies said: "With its impressive growth rates Eurobank has demonstrated to be a particularly innovative bank and is now looking to deliver economies of scale alongside cost and risk reduction through the creation of its new processing centre. We are delighted that the significant business benefits delivered by TLM Corona at its Polbank subsidiary influenced the bank's decision to use the same solution for this centre. I look forward to working with Eurobank as it moves more of its subsidiaries onto the solution."


Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.atos.netvisit www.vasco.comvisit www.solutions.lexisnexis.com

Top topics

Most viewed Most shared
Ripple boss predicts central bank adoption of blockchainRipple boss predicts central bank adoption...
13059 views comments | 21 tweets | 21 linkedin
Singapore central bank open sources blockchain prototypesSingapore central bank open sources blockc...
11815 views comments | 15 tweets | 28 linkedin
Digital receipt startup Flux scores game-changing deal with BarclaysDigital receipt startup Flux scores game-c...
9925 views comments | 20 tweets | 36 linkedin
AmEx partners Ripple and Santander for blockchain-enabled cross-border paymentsAmEx partners Ripple and Santander for blo...
9435 views comments | 13 tweets | 39 linkedin
UK cryptocurrency exchange startup launches debit card for spending bitcoinUK cryptocurrency exchange startup launche...
7969 views comments | 26 tweets | 37 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job