A Leading Global Bank Selects Intellect® Confirmation Matching System to Provide Single Integrated Matching and Exception Tracking Platform

Single integrated enterprise-wide Confirmation Matching System

  • Tracking and Monitoring of unmatched trades
  • Rule-based auto matching capability
  • Higher operational efficiency
  • Easy interfacing with external systems
  • Ability to configure downstream systems in user-defined formats
  • Reduced maintenance and support costs

The client is a leading global private bank offering private banking services for high income clients such as entrepreneurs and senior corporate executives. It has 60 offices in 23 countries. Its Capital Markets group provides client services in the areas of fixed income, equities and foreign exchange.

The client needed to consolidate its global reconciliation operations onto a single integrated platform. It needed multi-product matching and exception management capabilities to boost operational efficiency across regions.

There was a requirement for a robust confirmation matching system across various asset classes which could provide a generic exception processing workflow. The system should be capable of integrating and managing multiple back office instances across EMEA and APAC regions.

Intellect deployed its Confirmation Matching System (CMS) using its trademark ‘Smart Build Approach’. Intellect CMS provides a common platform for bank-wide matching and exception tracking activities. It incorporates new reconciliation rules on the fly or with minimal interventions.

The system facilitated real-time reconciliation of trades and was able to provide alerts to end-users about outstanding confirmations. Disparate back-office systems across EMEA and APAC regions were centralized under a single server reducing operational costs. Automation was built in for opening cases directly from the Intellect CMS system which led to ‘loss-less’ communication times and improved customer satisfaction.