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
Process engineering of data (balances and movements) collection by Bank of Italy
Automated Instant Payment verification with significant daily volumes
Automated Instant Payment verification 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 verification
Suspense notifications to the responsible units
Daily reports of suspense accounts for audit and regulatory purposes
Suspense notifications to the responsible units
Daily reports of suspense accounts for audit and regulatory purposes
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
Traceability and Automated audit
Metadata-Driven Engine, Execution Datastore
Transformation Rule Engine
Dashboarding Reporting
Mail notifications
Multi-Scope
Orchestration Automation Workflow Engine
End-to-End Business Workflow Collaboration
Traceability and Automated audit
Metadata-Driven Engine, Execution Datastore
Transformation Rule Engine
Dashboarding Reporting
Mail notifications
Multi-Scope
Results obtained
Generalized and dynamic reconciliation hub for verification process management with Bank of Italy accounts
Fully automated daily processes, immediate input data availability
Generalized system which makes it possible to activate further verification processes with only configuration activity
The interface for reconciliation result management seen as manual check makes it possible to send notifications to the units involved
Traceability and audit of all manual operations
Periodic reports
Fully automated daily processes, immediate input data availability
Generalized system which makes it possible to activate further verification processes with only configuration activity
The interface for reconciliation result management seen as manual check makes it possible to send notifications to the units involved
Traceability and audit of all manual operations
Periodic reports
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, data to display) to automate data acquisition and verification
Process completely free from arbitrary elements
Process completely free from arbitrary elements
Flexibility
Parametic table configuration helps to activate new data verification processes
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