The bigger the bank, the greater the reconciliation volume – errors and manual interventions only slow operations and reduce agility. That’s why, when it came to supporting millions of monthly transactions across 40 countries, one leading global Tier 1 bank looked to FIS to host and manage all aspects of its reconciliations operations.
Thanks to its highly scalable IT infrastructure, FIS has been able to support the bank’s enormous volume growth in the seven years since the engagement began. Today, FIS supports more than 177 million transactions a month for the bank – an increase of 1,250 percent – and without a penny of additional infrastructure spend by the bank.
177+ MILLION transactions per month
1250% GROWTH in reconciliation volumes in 7 years
The bank continues to work with FIS to reduce its IT workload and infrastructure spend while gaining the peace of mind that comes with end-to-end reconciliation management.