SmartStream Technologies has been selected by Jumhouria Bank, a bank and branch network in Libya, to deliver instant operational control.
As part of the deal, Jumhouria will utilise SmartStream’s Corona solution for the delivery of intra-day reconciliations management across cash, cards, branch, central bank and payment transactions.
Nouri Ali Mohamed Aboflega, deputy general manager, Jumhouria Bank: “Our priority is always to further improve technology, to be more responsive to customers, to remain agile and be innovative, to make banking better for our customers. We were looking for a reconciliation solution that can raise automation of the back-office in excess of 80 percent rates—we are confident that the Corona solution will enable us to achieve this.”
Haytham Kaddoura, CEO, SmartStream, stated: “We are delighted to be working with the largest and leading bank in the region. 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. We are very much looking forward to our strong partnership with Jumhouria Bank and working with the different areas of the business.”
