NBG Cyprus Launches Smartstream's AI Platform to Consolidate Reconciliations
The National Bank of Greece in Cyprus has adopted Smartstream's AI-enabled Air solution to consolidate four separate reconciliation systems and improve operational efficiency
The National Bank of Greece (NBG) in Cyprus has officially gone live with Air, an artificial intelligence-enabled reconciliation solution developed by Smartstream. The implementation of this technology marks a significant step forward in improving the bank's overall operational efficiency. By deploying the platform, the financial institution aims to reduce its daily manual processing efforts and eliminate the complexities associated with working across multiple distinct data formats.[1][2]
As part of this technological upgrade, the National Bank of Greece in Cyprus has successfully consolidated four of its previously separate reconciliation systems into a single platform. The consolidation merges the bank's Instant, Cash, SEPA, and Nostro reconciliations into the unified Smartstream Air system. Smartstream, which operates as a data solutions provider for major global financial institutions and enterprises, designed the platform to simplify complex reconciliation workloads.[1][2]
