Standard Chartered Bank (Dubai) has selected London-based SmartStream Technologies' TLM Reconciliations solution to create a global reconciliations platform.

Standard Chartered has built a strong reputation in emerging markets for delivering customer-centric operations. As part of an ongoing strategic review to ensure the bank continues to put in place best in class solutions, the bank highlighted reconciliations as a potential area for development.

With the bank growing rapidly and volumes rising, Standard Chartered chose to integrate its existing reconciliations process into a single reconciliations platform using TLM Reconciliations. This will enable the bank to increase efficiency, help reduce operational risk in its back office operations and further improve its customer service levels.