Ivobank Goes Live on TLM Reconciliations
Ivobank, a new UK-regulated Internet bank, has gone live on SmartStream’s TLM Reconciliations solution. The new bank specialises in payments and money transfer services for businesses and customers. In order to launch, the bank needed a solution to reconcile cash entries on its general ledger against the settlement bank account and the corresponding payment agent. Ivobank chose TLM Reconciliations to ensure it had sufficient flexibility and scalability to grow as the business transacted new currencies and volumes increased.