BACK OFFICE
Saudi International: Saudi International Bank in London has gone live with Management Data's Corona and Ares CS back office reconciliation systems.
Corona automates the bank's nostro and internal cash accounts, while Ares handles Saudi International's securities reconciliation, says a spokesperson for the Vienna-based systems vendor.
David Maskall, Saudi International's assistant manager of operations client services, says the installation of Corona and Ares has helped improve cost effectiveness
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