THE CHALLENGE: TRANSFORMING A LEGACY INFRASTRUCTURE TO REDUCE RISK Having assessed its reconciliation and process controls, the bank concluded that its reconciliation system was falling short of the quality standards that the firm required, creating a potential risk both in the near term and increasingly for its future business roadmap as it increases its volume and service breadth. The bank felt exposed by the high level of investment required in its legacy reconciliation system. It detected several areas where it could incur risk unless greater levels of efficiency were achieved and a strategic plan devised for data and process control overall. Presented with a choice of continuing with its legacy platform or installing a newer system on a hosted basis from its existing provid

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