Fuente: www.bankingtech.com Publicación:
BCS claims that its Integrity product is now live at sites in 48 countries, The solution is designed to provide increased transparency of account ownership and early identification of high risk balances with a view to reducing risk.
BCS Integrity has provided the bank with a common platform that services both finance and operations, to try and drive ownership, efficiency and transparency. All global account data is stored in a single system, which means that management can potentially identify areas of concern for immediate follow up.
"The longer something is left unresolved, the more likely it is to result in a P&L impact," said Nigel Walder, chief executive at BCS. "This level of visibility, due diligence and control is essential to better mitigate risk in today's volatile and complex environment, particularly in light of increased regulator and shareholder scrutiny."
Account substantiation shows the results of reconciliation, ensuring that account balances are complete, accurate and verified. BCS Integrity manages and standardises the reporting of the account substantiation process, enabling the bank to take a consolidated view and identify potential problems across functions, asset classes and regions.
As the central platform for the automated aggregation and reporting of consolidated global data, BCS Integrity can facilitate greater efficiencies across departments - speeding up account sign-off operations. The solution eliminates a number of manual tasks as well as issues caused by disparate regional systems.