Corona TLM Solution drives excellence in top Nigerian banks

Corona TLM Solution, a highly automated, highly scalable, and centralized tool for multi-product reconciliation and exceptions management ranked No. 1 in the world is driving operational excellence in some banks in the country.

The need to attain high level of accuracy, integrity and confidence in data management has never been as challenging and as important as it is in today’s business environment.

Over the past three years, banks like First Bank, Zenith Bank, Ecobank and Access Bank have outsmarted their peers in the industry and have attained varying degrees of enterprise-wide reconciliation and transaction investigation by adoption and implementation of TLM Corona Solution.

Some of the product types automated by these banks by TLM Corona Recon solution include ATM, POS, NIP, RTGS, Nostro, Branch and Head Office GL Suspense, e-Banking products, Confirmation messages, commodities and securities, etc.

In general, ranging from Balance Sheet Substantiation, Card Processing Controls, Cash & Securities, Data Aggregation, Exchange Traded Derivatives (Buy-Side and Sell Side), FX Confirmations, Inter-systems, Net Asset Value (NAV), On Demand Reconciliations, Reconciliations BPO – Corona TLM Reconciliations Utility is well positioned to offer you the desired advantage on the ever increasing reconciliation need.

In one of the project close-out ceremony by a customer who is about the biggest bank in Nigeria, Mr. George Agu, managing director of ActivEdge Technologies Ltd, shared his appreciation and excitement with the customer over the impressive and remarkable results achieved and the performance of the system.