News : Ajman Bank Adopts SmartStream¹s Corona Solution
Nov 26, 2014 -- SmartStream Technologies, the Transaction Lifecycle Management (TLM(R)) provider, announces that Ajman Bank, an Islamic financial services institution, has implemented SmartStream’s Corona solution to improve its operations and provide a better quality of services to its customers.
Headquartered in the UAE Emirate of Ajman, the bank is a provider of Islamic banking products and services to financial advisers, stockbrokers, mortgage brokers, professional service industries and the end consumer. SmartStream’s Corona solution is being used across Ajman Bank’s cash and card operations to replace existing excel-based reconciliations processes. It will provide the bank with new levels of visibility and control over its transaction processing; facilitating regulatory compliance, fraud detection, high straight through processing and improved customer service.
A signing ceremony was held at Ajman Bank Headquarters in Ajman on November 25. The ceremony was attended by Mr. Mohamed Amiri, CEO of Ajman Bank and Mr. Christian Schiebl; they were accompanied by Mr. Hisham Hammoud, COO of Ajman Bank and the higher management of Ajman Bank and SmartStream.
Mr. Hisham Hammoud, Executive Vice President - Chief Operating Officer Ajman Bank, said: "Ajman Bank prides itself on using cutting edge technology to further improve the operational system and provide the highest level of customer service. The implementation of this new fully automated solution will enable us to better manage exceptions and monitor fraudulent activity. This is an important step for us and its part of our strategy that is aiming to provide innovative Islamic banking solutions and comprehensive services that meet our customer’s needs and lifestyles.
Posted by Veronica Silva Cusi, news correspondent
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About Ajman Bank:
Our Mission We provide banking services of the highest quality to individuals and businesses. Our foundation and inspiration are based on the Shariah values. We demonstrate that we have brought the human touch back to banking and we realise our vision through:
Published: Friday, November 28, 2014