Jumhouria Bank of Libya Goes Live on SmartStream for Reconciling Payments

LONDON–(BUSINESS WIRE/AETOSWire)— SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) solutions provider, today announced that Jumhouria Bank, the biggest bank in Libya, has successfully gone live on SmartStream’s solution for the reconciliations of cash payments – the first of a two phase implementation to consolidate and automate the reconciliation process across its 170 branches to deliver real-time operational control. The SmartStream reconciliations solution is being rolled out to replace manual processes across Jumhouria Bank – ensuring greater visibility into cash, card, branch, central bank and payment transactions. It will provide…