Tech briefs

HVB upgrades City Networks

HVB Group is upgrading its use of reconciliation and investigation software from City Networks.

HVB evaluated four systems against its incumbent 4.0 version of CityNet with around 10,000 sample transactions from its six largest accounts. The existing system automatically matched 92% of the transactions without exception. Only the latest version (6.0) of CityNet outperformed that achieving 96%.

Systems are due to go live in London later this month. Six other sites, in