Several leading banks use AutoRek to reduce costs, operational risks, address regulatory demands and improve customer service.
Retail banks feel the pressures of delivering low price financial services products in a very competitive global economy where increasing volumes are expected to be dealt with by fewer resources. Intense regulatory focus on financial management generally and the treating of customers fairly with regards to service and pricing is increasing.
While the shock waves of the global banking crisis may have started to subside, many banking organisations realise that their data management and reconciliations have not been as efficient or robust as they need to be. Many have taken the opportunity to reassess these fundamentals and the quality of delivery as well as the cost.
Our Banking Expertise
AutoRek helps especially in:
- Collection accounts for high volume businesses
- Branch and other suspense accounts
- Mortgage asset to income reconciliations
- Interbranch/intercompany accounts
- Credit card collection
- Application of cash from third party agents
Find Out More
For more information on how we can help your bank, download our Solution Literature: AutoRek - Automated Reconciliation and Exception Management