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Banking & Financial Services

Banking & Financial Services Case Study 2

Streamlining Back-Office Operations for a European Investment Bank

  • Background

    A large investment bank headquartered in Europe was struggling with inefficiencies in its back-office operations. Manual processes for handling trade settlements, reconciliation, and reporting were leading to delays and errors. This impacted the bank’s ability to meet regulatory deadlines and increased the risk of costly mistakes.

  • Objective

    To automate and optimize the bank’s back-office operations, improving accuracy, reducing processing times, and ensuring compliance with regulatory requirements.

  • Solution

    Corpshore Solutions implemented Robotic Process Automation (RPA) to streamline the bank’s trade settlement and reconciliation processes. The RPA solution automated repetitive tasks, including data entry, trade matching, and report generation, reducing the workload on the bank’s back-office teams.

Key Features

  • RPA for automating trade settlement and reconciliation
  • Real-time reporting to ensure regulatory compliance
  • Error reduction through automated data validation
  • Integration with existing banking systems and compliance tools

KPIs & Metrics:

  • Processing Time: Reduced trade settlement time by 40%
  • Error Rate: Decreased errors by 35% due to automation
  • Compliance Rate: Achieved 100% compliance with regulatory reporting deadlines
  • Cost Savings: Reduced back-office operational costs by 20%

Outcome

By automating key back-office functions, Corpshore Solutions helped the investment bank reduce manual errors, streamline workflows, and improve compliance with regulatory standards. The bank was able to achieve 40% faster trade settlements and significantly reduce the risk of costly mistakes. Additionally, the automated system freed up employees to focus on higher-value tasks, improving overall productivity.

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What to expect with a free quote request? 

  • Response within a few minutes to a maximum of 6 hours
  • Cost efficient pricing option(s) with an immediate call to action
  • Optional invitation to proceed with a 5 minute to 1-hour thorough discovery call based on your business needs
  • Fully outlined action plan with results guaranteed!

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Get a free quote now!

Save up to 75% on operations & payroll costs today. Leverage Corpshore’s world-class in-house & remote staff, and accelerate growth and tangible results via outsourcing.

What to expect with a free quote request? 

  • Response within a few minutes to a maximum of 6 hours
  • Cost efficient pricing option(s) with an immediate call to action
  • Optional invitation to proceed with a 5 minute to 1-hour thorough discovery call based on your business needs
  • Fully outlined action plan with results guaranteed!