TL Bank 11.2: New release of the data quality software for the financial sector
TL Bank has been released in the new product version 11.2. The data quality software specially developed for banks and financial institutions validates bank data and enriches it with additional information, which reduces the workload and at the same time maintains data quality at the highest level.
With the new release 11.2, TL Bank is introducing new features that are specially tailored to the requirements of the market in Austria and Germany:
Support for validation of Austrian IBANs and account numbers:
The latest version extends the validation functions and now also supports Austrian IBANs and account numbers, making data processing even more efficient for Austrian banks.
Expanded bank search:
The bank search has been expanded to include data from the Austrian National Bank. This means an increase of around 30% more institutions than before, which significantly improves the range and accuracy of the search results.
Enrichment of new bank details:
TL Bank 11.2 now makes it possible to enrich search results with further relevant information, such as street and house number as well as P.O. Box addresses. In addition, new bank-specific identifiers are now determined:
- The LEI (Legal Entity Identifier) is a 20-digit code that uniquely identifies legal entities worldwide and increases transparency on the financial markets.
- The company registration number is used to manage company payments in Austria.
- The 11-digit identification number (IdentNr) is used in Germany and Austria for tax purposes.
Improved search profile of the bank search:
With increased error tolerance and greater precision in displaying hits, the bank search is even more efficient.
Security updates and Java versions:
The latest version brings general security improvements and supports the latest Java version at the time of release to meet the highest security standards and be future-proof.
With these new functions, TL Bank 11.2 once again sets new standards in the management and quality assurance of bank data. The software is aimed at financial institutions that want to increase their data integrity while saving time and resources.
Find out more about the new features of the TL Bank 11.2 product version here:
