Chinese Bank Selects SmartStream for Enterprise-wide Reconciliations
A Chinese bank has purchased SmartStream’s TLM Reconciliations for reconciling cash, stock, foreign exchange and derivatives transactions.
The bank was using a number of manual or semi-automated processes across different divisions to reconcile a range of transactions. It wanted to replace this with an enterprise reconciliations platform as it hopes this will deliver higher levels of automation to increase productivity, reduce transaction processing costs and maintain its competitive position.
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