Turkey’s Akbank has selected SmartStream’s TLM Corona for foreign exchange (FX), money markets and derivatives confirmations matching in order to automate its treasury confirmations matching.
With its transaction volumes growing rapidly, Akbank implemented a new treasury system and wanted to automate its previously manual back office processes for confirmations matching. The bank selected TLM Corona to deliver this automation, creating more efficient processes that will support its drive to continually improve customer service.
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.”
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