Payment news, January 11

DBS selects cash solution from Broadridge, while Cambodia’s Prasac Microfinance implements Oracle’s Flexcube.

Broadridge chosen for cash solution by DBS

Singapore’s DBS Bank has selected Broadridge City Networks’ Proactive Reconciliation solution across Asia. Broadridge’s cash solution provides configurable modules for internal and external reconciliation across cash, payments and multi-asset capital markets transactions and a liquidity management solution at the same time.

“DBS selected Proactive Reconciliation due to its clear and competitive pricing, positive user feedback in the region and the fact that its screens and configuration tools are user-friendly and easy for new users to understand quickly,” said Ong Chin Cheong, assistant vice-president of technology and operations at DBS, in a statement. “The bank favours a fixed-price approach as it shows the vendor is committed...

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