Corona solution launched in country

Corona reconciliation and exception management solution for financial institutions was launched Saturday in Bangladesh.

This solution is a product of SmartStream Technologies, a UK-based company.

AMFCO, a specialist in the areas of customer engagement planning and business consulting, Simple Solutions, a business team of AMFCO in Bangladesh, and SmartStream Technologies jointly organised a press conference at a city hotel in connection with the launching programme.

Corona is the world's most widely-deployed SWIFT certified, modular application that addresses the reconciliation and exception management needs of institutions of all sizes.

It provides greater transaction management control whilst its out-of-the-box functionality enables firms to significantly reduce their time to benefit.

Corona provides a range of advanced functionality for typical intra-day and end-of-day operations control, exception detection and investigations management.

Liquidity can be managed on a real-time basis supporting greater control of a firm's financial exposure and a greater ability to exploit market trends. It delivers greater operational efficiency while reducing operational costs and risk through exception detection and enhanced transaction management.

Corona and its diverse modules like cash, securities, confirmations, investigations, universal data, inter-system, cards and archive are designed to automate multi-product processing operations to deliver greater control and visibility into transactions.

AMFCO is a specialist in the areas of customer engagement planning and business consulting; relationship management; process design and automation; systems integration and implementation services for various business technology solutions.

Simple Solutions Pvt Ltd is a business team of AMFCO in Bangladesh.

SmartStream Technologies Corona Alliance Management Unit Consultant Guenther Ruf, SmartStream Technologies Middle East, South Asia and Africa Vice President Pritesh Kotecha, Simple Solutions Ltd Managing Director Saifur Rahman, AMFCO Group Chief Executive Officer Maroof Ayub and Simple Solution Director Sabik Rahman were present at the press conference.   

Meanwhile AMFCO, Simple Solutions and SmartStream Technologies officially launched the Corona solution at a city hotel in the evening at a separate ceremony.

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