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News Release - 18 May 2009

 

Global Bank Automates PROactive™ Securities Reconciliation

To meet its expanding Asian operations a major global bank the bank chose a complete and scalable package with the aim of minimising both user intervention and operational risk. PROactive™  Reconciliation can be installed easily and combined with its intuitive user interface, will not only mitigate risk, but also improve the bank’s ability to deliver higher levels of customer service through prompt query resolution.

Akhter Khan, Director of Operations, City Networks added: “We are pleased to maintain our tradition of working closely with our customers to enable them to process higher trading volumes and ever more complex instruments. We are continuing to develop innovative and practical PROactive™ solutions that offer genuine benefits in streamlining this and other post-trade processes”