SmartStream, the financial Transaction Lifecycle Management specialist, today announced that Malaysian financial services group CIMB Group is extending its use of the TLM Corona solution to create a single, enterprise-wide reconciliation platform.
CIMB Group is Malaysia’s second largest financial services provider and one of Southeast Asia’s leading universal banking groups with the largest branch network in the region. The bank has built a strong reputation for offering a wide range of financial products and services that has led to its operations expanding, operating in 11 markets globally including the US and UK.
To ensure it could continue to offer the same breadth of products and levels of client service, CIMB Group decided to replicate the technology used by its Malaysian operations across its international business. As an existing TLM Corona customer, the bank is extending the solution to create an enterprise-wide platform for cash reconciliations and investigations for its rapidly growing Singaporean and Islamic Banking businesses.