Raiffeisenbank Goes Live with City Networks Reconciliations
Raiffeisenbank a.s Prague, the Czech subsidiary of Austria’s RZB, has gone live with their CityNet Cash Reconciliation (CARS) module. The Bank is using the CityNet Cash Reconciliation (CARS) module for all foreign Nostro reconciliations as well as for numerous internal accounts at the Prague Head Office and across its branch network. Previous to implementing this solution, the bank’s staff coped with a largely manual reconciliation process, which consumed valuable time. Raiffeisenbank is a network bank of RZB, the central institution of the Raiffeisen Banking Group, The RZB Group has 13 network banks and 2 representative offices spread across 13 Central and Eastern European countries.