Akbank automates treasury confirmations with SmartStream
08/05/2009
Akbank automates treasury confirmations with SmartStream

Fuente: http://www.bankingtech.com  Fecha: 8/05/2009

The Corona software will be used alongside a recently-implemented treasury system, which prompted the bank to automate its previously manual back office processes for confirmations matching.

Remzi Süha Dede, division head, Treasury and Capital Markets at Akbank, said: "Using TLM Corona will enable us to automatically match confirmations in real-time for FX, derivatives and money markets trades. We will be able to process these instruments more effectively and support higher transaction volumes. It also supports more proactive operations and will help to further reduce operational risk."

Christian Schiebl, executive vice president, SmartStream, said: "Akbank has built a strong reputation in Turkey as an innovator that uses technology to deliver new products and services to their retail and institutional clients. We are delighted they have selected SmartStream as a strategic partner to support their vision and growth plans. Turkey is a dynamic market and highly competitive where institutions invest in leading solutions to overcome operational challenges."