The International Bank of Taipei (IBT) has selected Smartstream Technologies' Corona system to automate its Nostro reconciliation processes.
He Shou Chuan, chairman, IBT, says the deployment of the Corona application will enable the bank to streamline workflows and reduce operational risk.
SmartStream says IBT is the first Taiwanese bank to license its Corona solution.
The UK-based company claims to have experienced phenomenal growth in North East Asia following recent wins with leading banks in China and Hong Kong.