Case Study

A Top 10 Bank Uses Precisely to Manage Operational Risk

A Top 10 Bank Uses Precisely to Manage Operational Risk

Business challenge A top 10 U.S. commercial bank had implemented Precisely balancing and reconciliation solutions to reconcile 98% of its accounts to the G/L. The bank was able to validate home equity applications, mortgage applications, ATM balances, wholesale banking transactions, and much more. Yet the company struggled viewing operational risks within their enterprise. Back-loaded with open items, management did not have sufficient analytics into their critical transactions in real-time. With no centralized location to store and manage exceptions, distributing data through the company was a manual and laborious process, and managers lacked confidence in their ability to access information on-demand. They knew that upcoming mergers, acquisitions and business growth would c

Join for free to read