January 22, 2009 Nicosia, Cypress-based Marfin Popular Bank has selected TLM Corona, an enterprise reconciliation platform from London-based SmartStream Technologies. Marfin will use TLM Corona's Cash, Confirmations, investigations and Active modules.

The bank has experienced substantial growth in transaction volumes over the past few years. It wanted to transform its operations to cope with current and future processing demands. Marfin, an existing SmartStream Corona Cash user at its head office in Nicosia, selected TLM Corona to increase the level of automation in its operations while significantly reducing operational risk and cost. Using TLM Corona Confirmations will enable Marfin to automatically match its confirmations messages in real-time for FX, derivatives and Money Market trades. TLM Corona's integrated investigations capability and its real-time activity monitoring tool, Corona Active, supports more proactive operations and helps to further reduce operational risk, according to the company.