Vienna-based Raiffeisen Bank International (RBI) has implemented Broadridge’s reconciliation technology across six of the bank’s regional subsidiaries to fully automate reconciliation processing.
Through its shared service center located in Romania, RBI is pursuing a strategy to consolidate the reconciliations processing of its operations across multiple European locations into a centralized hub and intends to migrate remaining international network banks onto a single installation. A key element of the project has been to shift all processing from locally installed stand-alone systems onto an enterprise-wide platform, which is offered by Broadridge on a choice of database technology.
Broadridge’s PROactive technology allows RBI to increase operational control and achieve more efficient processing on a single, standard platform throughout its network banks in Poland, Bosnia and Herzegovina, Kosovo, Romania, Bulgaria and Albania. These represent both new implementations and those migrating to the latest release of Broadridge’s PROactive Reconciliation to fully automate exception management.
Raiffeisen to Fully Automate Reconciliation Processing
Vienna-based Raiffeisen Bank International (RBI) has implemented Broadridge’s reconciliation technology across six of the bank’s regional subsidiaries to fully automate reconciliation processing.