Abstract
The matching of nostro accounts is a common challenge in financial departments. Most institutions have automated the preparation of the matching process to a certain extent. However, the matching is still executed by humans. The authors present an approach to combine cluster algorithms with combinatorics to meet the challenge.
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Notes
- 1.
Google, Apple, Facebook, Amazon, and Microsoft (and in Asia Tencent and Alibaba).
- 2.
Trying out all possible combinations of expected and incoming payments.
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Liermann, V., Li, S., Waizner, J. (2021). Use Case—Nostro Accounts Match. In: Liermann, V., Stegmann, C. (eds) The Digital Journey of Banking and Insurance, Volume II. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-78829-2_2
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DOI: https://doi.org/10.1007/978-3-030-78829-2_2
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