The Business Problem
Financial services organisations are always under pressure to cut back on cost within their business. One area in which expenditure can be controlled and significant savings made is in the global custody business. Agent bank fees can run into hundreds of millions of pounds annually, and often the systems in place to handle these costs are time-consuming manual processes that aren't always based on up to date, or even accurate, information.
With these processes it can be difficult, sometimes impossible, to:
Demonstrate the completeness of record-keeping and due diligence processes
Accurately record and reconcile all agent invoices
Prove that the business is getting the best deal, both during and after a renegotiation
BCS Arc is a global custody network management solution which focuses on driving down the costs incurred with agent banks. It achieves this through faster and more accurate invoice reconciliation, centralised contract data storage, and powerful reporting and scenario modelling tools.
BCS ARC has not been reviewed by any customers.
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