Canada's National Bank Financial (NBF) is deploying Accurate Software's operational risk management package, NXG, to extend the automation of its back office operations.
NBF, a subsidiary of the National Bank of Canada, will install the entire Accurate NXG suite - comprising of the vendor's reconciliation, exception management, workflow and business intelligence products.
The platform will replace five distinct reconciliation systems across NBF's investment banking and NBCN Clearing units.
Accurate says the system will automate the management of exceptions, while a business intelligence 'dashboard' will improve management reporting and risk analysis.
Yvan Naud, CEO, NBCN Clearing, says: "Accurate NXG will enable us to consolidate our reconciliations process and migrate to a single platform. The increased efficiencies delivered by Accurate NXG will have a positive impact on overheads and our exposure to risk."