LCL, formerly Le Crédit Lyonnais, has selected TLM Corona to deliver a single platform for its cash and Nostro reconciliations.

LCL will use a local language version of SmartStream's TLM Corona to manage its Nostro payments and cash reconciliations across its 30 back offices located throughout France. Replacing an older SmartStream reconciliation system, TLM Corona will be used to automate the bank's reconciliations processes.

TLM Corona highlights exceptions for investigation to the users and will provide the bank with a complete audit trail of its transactions for compliance purposes. The solution's web-based user interface, TLM WebConnect, should assist the bank in viewing all reconciliations across its French back offices.