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State Bank of India takes SmartStream
State Bank of India (SBI) has taken Reconciliations from London-based vendor SmartStream Technologies for its FX and treasury business in Kolkata (formerly Calcutta), Smartstream announced last week.
SBI aims to fully automate the reconciliation process for its nostro accounts [those held by a bank with a foreign bank] and worldwide FX payments, said SmartStream. It performs a large number of inter-branch and interbank transactions, and so has to manage
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