In addition to many more functions, the TLM Aurora solution also enables reconciliation of intraday payments. Did you miss our webinar on Advanced Payments Control (APC)? We have a record for you at the following link.
CBFIN switched to highly secure two-factor authentication (2FA) using Google Authenticator for MultiCash 4. The current solution thus meets the requirements of the state of the art standards of strong security.
UNIQA pojišťovna, a.s. decided to simplify the current method of electronic communication with its banks. In the first phase, it decided to proceed with the automatic processing of daily statements from all banking houses where it maintains its accounts.
The Multicash® Payment Factory solution offered by Management Data Praha seemed to be optimal. As part of the implementation, communication with individual banks was optimized and statements are now automatically downloaded, divided according to the statement date and account number (STA splitter application) and stored in the required location, from where the next process transfers them for final processing in the client's information system.
Today's reality is large volumes of data in various non-standard formats and structures, which are either still checked using Excel spreadsheets or these tasks are not performed at all.
SmartStream (the originator of the Corona or Aurora reconciliation solution) has an really extensive experience in reconciling large data sets for banks around the world, decided to reflect the current global trend - the use of artificial intelligence (AI) tools to speed up, simplify and refine the matching of different data.
Artificial intelligence behind SmartStream Air compares data sets, gradually learns and improves based on the results, user behavior. For the customer, the use of AI also means saving time, costs and human resources, transparent TCO and fast ROI. Learn more.
The Bohemia Energy Group, the leading alternative supplier of electricity and gas in the Czech Republic, has decided to replace several electronic and internet banking platforms with the implementation of the Payment Factory on the MultiCash® platform with a connection to the DB Connector. As a result, one common platform for communication with banks and internal systems is now utilized.
The project provides easier administration, automation of most common activities, a high level of security and a reduction in helpdesk and staff training requirements.