Why top Nigerian banks use TLM Corona solution

Some banks 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, ActivEdge Technologies Ltd has said. Corona TLM is the most efficient Recon solution in the world today and offers the benefit of reconciling all transactions in one […]

Some banks 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, ActivEdge Technologies Ltd has said.

Corona TLM is the most efficient Recon solution in the world today and offers the benefit of reconciling all transactions in one database replacing multiple point solutions and eliminating silos with a single strategic reconciliations platform.

Banks with multi-country operations, multi-region operations or with daily transactions that run into volume can run all its reconciliation and exceptions management operations in a single database instance.

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.

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.

George said: “We are very impressed by the sheer volume of products and accounts that the team has on-boarded and automated in the system across the head office and regional operations within such a short period of time.” 

It was also remarked that TLM Corona Recon Solution which currently runs in over 2000 (two thousand banks) globally can integrate all known core banking platforms including BankFusion, Finnacle, Oracle Flexcube, T24, Phoenix, etc., etc.