Banca Akros Implements Corona CLS For Automated Transaction Matching

Banca Akros has deployed Corona CLS for automated transaction matching. Banca Akros, one of the prime Investment Banks in Italy, implemented Corona CLS to automatically match all relevant transaction data between all CLS settlement members and provide a complete transaction

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Banca Akros has deployed Corona CLS for automated transaction matching.

Banca Akros, one of the prime Investment Banks in Italy, implemented Corona CLS to automatically match all relevant transaction data between all CLS settlement members and provide a complete transaction audit trail.

“Implementing Corona CLS enabled us to effectively reduce operational costs and risk,” comments Ferrante Zilioli, Head of Organisation and ITB. “By fully automating these previously manual processes our employees workload has been reduced by 30 percent.”

“Automating our transaction matching ensures data integrity, enhances data quality and reduces the number of errors,” says Luigi Ceresini, Operational Risk Manager of Banca Akros. “This enables tight control of the operational risk involved whilst ensuring full compliance to our internal audit requirements.”

“We are committed to delivering innovative solutions for our clients complex business processes,” says Pasquale Gizzi, Country Manager SmartStream Technologies Italia. “The powerful matching capabilities of Corona CLS enable institutions to replace traditional manual processes with fully flexible reconciliation of disparate data streams, gaining immediate benefit from reduced operational risk and improved audit control.”

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