Payment news, January 25

CIMB adopts SmartStream's TLM Corona solution for its international business, while Softbank selects Gemalto for its contactless payments pilot in Japan.

CIMB extends application of SmartStream solution

Malaysia’s CIMB Group has created a single enterprise-wide reconciliation platform by replicating the technology of SmartStream’s TLM Corona solution, which it has been using for its Malaysian operations, internationally. The platform will be used for cash reconciliations and investigations for CIMB’s Singaporean and Islamic banking businesses.

“We’ve been successfully using TLM Corona for 11 years and it has met our operational needs perfectly. So when we looked at how we could replicate our success in Malaysia to overseas markets, it made sense to use the same software that is proven to work and has managed our significant growth to date,” said Kenny Kim, group...

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