iPhone | iPad
Android
Huawei
The men in green are touring Australia for a three-match Test series, which is also being deemed as David Warner's farewell series
KT APPDOWNLOAD
CBD implements new reconciliation module
DUBAI - Commercial Bank of Dubai (CBD) has announced that it has implemented the CityNet Reconciliation module as part of its strategy to achieve automation in all areas of reconciliation across the bank.
The solution has been installed at the head office of CBD and will initially be used for reconciliations in the Financial Control Department. On completion of the process, the solution will be extended to other areas such as the Card Operations Department and also the User Support Department.
With the implementation and subsequent automation of the process, the members overseeing this function have been significantly reduced thereby allowing for redeployment of valuable resources to other areas of the bank.
“As part of our ongoing strategy to automate all reconciliations at Commercial Bank of Dubai we are pleased to have implemented City Networks technology and are already achieving positive matching rates. This technology and relationship with City Networks will be important to us; particularly with regard to Basel II requirements. Basel II is currently a key issue with Banks in the UAE and we are assessing our systems to ensure that we meet the upcoming regulations,” said Mahmoud Hadi, Assistant General Manager - Systems & Operations of Commercial Bank of Dubai.
More news from
‘Doing nothing’, ‘staying idle’ and ‘whiling away time’ have become old-fangled ideas in a world where ‘savings’ and ‘retirement funds’ are getting wiped out by inflation and rising standards of living
The Declaration to Triple Nuclear Energy Capacity by 2050 has been endorsed by the Heads of State of nine countries
When we choose to look away for good, we are as complicit as those at the helm of this atrocity
According to the case report, the victim could not perform his work for over 20 days due to sustained injuries
The winner, who was in disbelief after his win, plans to consult with his mother and wife to explore options on how to utilise the prize money
Over 100 people in Lebanon have been reported killed during the hostilities started on October 7
Antonio Guterres commends Sheikh Mohamed for establishing $30 billion fund for global climate solutions