City Networks says that Bank BPH PBK’s Warsaw office is using its CityNet Matching solution. Bank BPH was a customer with CityNet Matching prior to its merger with Bank PBK.
Bank BPH PBK, the third largest bank in Poland, is using the application to automate its treasury matching requirements at its Warsaw office. The solution aims to highlight exceptions.
Previously Bank PBK was using a manual system for confirmation matching and since automation rates have risen from 200 confirmations every eight hours to 250 confirmations every two hours.
“Having viewed first hand the benefits of automation in the confirmation matching procedure using CityNet Matching it was evident that the product was a natural choice,” says Luiza Karpinska, Head of Treasury Back Office Department at Bank BPH PBK. “It is part of our aim in improving our operations that we invest in innovative technology that adds real value to our business”.
“In managing transaction risk we target processes that offer tangible benefits to clients such as Bank BPH BPK,” adds Nick Russen, Managing Director for EMEA at City Networks. “Increasing automation and efficiency provides a distinct advantage to the bank in its back office operations. Manual input poses a considerable limit on throughput in the confirmation matching process, and the removal of the associated risk is significant for Bank BPH PBK”.