KUALA LUMPUR, March 4 -- ZILLIONe, the internationally networked enterprise solutions provider, recently completed the implementation of the latest reconciliation software by SmartStream for a bank in Sri Lanka.
The Transaction Lifecycle Management (TLM®) solution has been deployed for the People’s Bank of Colombo, enabling the bank to have a consolidated view for all electronic transactions.
According to a statement, SmartStream’s reconciliation solution offers an agile packaged approach that addresses the operational challenges faced by financial institutions.
Its high degree of automation incorporated into a seamlessly integrated exceptional management solution gives a consolidated view of operational processes in one scalable platform.
This enables enterprises to identify exceptions as they occur so that it can be escalated and resolved immediately.
As one of the leading financial institutions of the country that handles millions of transactions daily, the enhanced system further improves the bank’s bid to offer seamless service to its customers.
SmartStream chief executive officer, Haytham Kaddoura said: “We are confident that People’s Bank now have greater visibility into their reconciliations processes and outstanding positions with a pre-emptive approach to managing exceptions as they occur throughout the lifecycle.”
-- BERNAMA
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