Hub automatic ticks
Speed of execution, accuracy, platform usability have been very satisfactory, an additional benefit for our banking Group
Fabio Stefanutti
Head of Synthesis Systems
Customer since
2018
Requirements
Transparency, efficiency, and quality with minimized risks in Instant Payment verification
Engineering and automation
Streamlining of all reconciliation processes
Engineering of the data collection process (balances and movements) from the Bank of Italy
Automation of the Instant Payment reconciliation process with significant daily volumes
Engineering of the data collection process (balances and movements) from the Bank of Italy
Automation of the Instant Payment reconciliation process with significant daily volumes
Getting rid of Excel sheets and the like
Creating a solid system for centralizing all verification processes (active and future ones)
Result monitoring and management
Manual check
Notification of pending items to the relevant departments
Daily reporting of pending items for audit and regulatory purposes
Notification of pending items to the relevant departments
Daily reporting of pending items for audit and regulatory purposes
Challenges
Speed, automation, flexibility, and collaboration
Speed
Processing speed guarantees daily data availability for the user within a cut-off time
Process automation
Automatic, shared, and customizable rules (input files, filters, key fields, information to be displayed) for automating data acquisition and checking
Process completely free of arbitrary elements
Process completely free of arbitrary elements
Flexibility
Parametic table configuration helps to activate new data verification processes
Solution
Automated and traceable reconciliation of Instant Payments
Capabilities
Some of the Irion EDM features used:
- Orchestration & Automation Workflow Engine
- End to End Business Workflow & Collaboration
- Automatic Traceability and Audit
- Metadata Driven Engine, Execution & Datastore
- Transformation & Rule Engine
- Dashboarding & Reporting
- Mail notifications
- Multi Scope
Results obtained
- Generalized and dynamic reconciliation hub for managing bankit account checking processes
- Fully automated daily processes and immediate availability of input data
- Generalized system on which additional ticking processes can be activated with configuration-only activities
- Through the interface for managing reconciliation results, understood as manual checking, sending reports to offices involved in the process
- Traceability and auditing of all manual operations
- Periodic reports
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