KUALA LUMPUR, July 4 (Bernama) -- Jumhouria Bank -- the largest bank and branch network in Libya -- selected Corona solution from SmartStream Technologies to deliver real-time operational control, ensuring greater visibility into cash, card, branch, central bank and payment transactions.
"By deploying modules of our Corona solution across multiple business lines, our goal will be to manage and mitigate risk and lower processing costs, whilst providing a full lifecycle of cash and card transactions," said chief executive officer of SmartStream, Haytham Kaddoura.
Jumhouria Bank selected Corona solution after merger with Umma Bank which both banks operating the largest nationwide network of 170 branches, the challenge being to standardise reconciliations procedures across the bank, a statement said.
Deputy general manager of Jumhouria Bank, Nouri Ali Mohamed Aboflega said their priority is always to further improve technology, to be more responsive to customers, to remain agile and be innovative and to make banking better for customers.
SmartStream Technologies is the financial Transaction Lifecycle Management (TLM) solutions provider. More information at www.smartstream-stp.com.
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