SmartStream Technologies says that Commerzbank will be using their Corona implementation to enhance Exception Management through faster investigations processing on historic transaction data.
“The return on our investment is compelling. Corona’s ability to provide users with rapid access to historic transaction data will allow us to further automate investigation handling and ultimately improve STP rates,” says Karin Brehm, the Assistant Vice President, on the purchase of Corona Archive.
The bank will be implementing the new module to automate online retrieval of historic reconciliation transactions across different instruments and multiple departments.
“The new Corona Archive module shows SmartStream’s continued commitment and investment in Corona, the world’s most popular reconciliation solution,” adds Christian Schiebl, the Regional Director of Europe at SmartStream Technologies. “It enables high performance, easy data archiving and retrieval of historic data adding even greater value to existing Corona functionality”.
Commerzbank has historically relied on expensive external storage that required manual processes to perform inquiries on closed transactions. Using SmartStream’s Corona Archive, the data can be maintained online without any limitations in systems performance for daily reconciliation processes.
Commerzbank are using SmartStream’s Corona 7.2 Enterprise Edition with Corona Cash, Corona Securities, Corona Investigations and WebConnect on IBM mainframes.