More NewsCBA Employs City Networks CLS Module

CBA Employs City Networks CLS Module

Commonwealth Bank of Australia (CBA) has purchased City Networks’ CityNet Matching for CLS module for implementation in Sydney and London. The CityNet module is to be used for four-way matching, including CLS status match, allowing CBA improved automation and a greater rate of STP. The module will replace a one-way match system in Sydney that currently interfaces between the client and CBA; in London it will replace a system that requires high levels of manual intervention, with users relying on running print report batches throughout the day. City Networks has also launched what it claims to be the first global reconciliations package to be translated into Japanese. The Japanese version of CityNet Enterprise Reconciliation was developed to meet the demand from City Networks’ Asia Pacific offices. Separately, Bank of Tokyo-Mitsubishi has implemented the latest version of the CityNet Matching module. Having gone live in the London branch, the CityNet solution will be rolled out globally across the bank’s operations for FX, inter-bank and customer dealing confirmation matching.

Related Articles

Infosys Finacle to power Santander UK’s international cash management system

More News Infosys Finacle to power Santander UK’s international cash management system

3w The Global Treasurer
Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

4m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

5m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

5m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

5m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

5m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

5m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

6m Tasja Botha