BCS reports Deutsche Bank implementation

BCS reports Deutsche Bank implementation

UK-based Business Control Solutions (BCS) says Deutsche Bank has begun a global roll out of its Integrity technology, which standardises account reconciliation and substantiation processes.

The first phase of the implementation project sees the Integrity technology deployed in Deutsche Bank's Asia Pacific branches. The roll out will eventually span 40 countries, 3,000 users and more than two million accounts.

BCS says Integrity will improve the bank's financial control and reduce operational costs by managing and centralising the account substantiation process.

The software provides users with full visibility of accounts and can generate intra-day management information reporting. The system, which also supports offshore operations, provides detailed audit reports documenting all account activity.

BCS says users can standardise reporting processes around account substantiation, track and manage account ownership more efficiently, as well as consolidate data across a variety of systems in multiple locations on a single platform.

Nigel Walder, CEO, BCS, says: "This implementation is testament to just how seriously Deutsche Bank takes its financial control."

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