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Trustee & Fiduciary - Fortia

A client success story

360° view of the depository control activity

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Trustee & Fiduciary

OUR CLIENT : A LARGE CUSTODY ACTOR

Our client is the European leader in depositary activities with a global presence and multiple jurisdictions to comply with. In this context of strong volume growth and complexity, the custody bank decided to implement forward-thinking solutions, with the conviction that new technologies are now providing new answers to old and complex problems.

Industry : Banking
Activity : Custody Bank
Location : More than 30 countries
Size: More than $10 billion in assets

OVERVIEW

This bank partnered with Fortia Financial Solutions to transform and re-engineer its compliance operations. By integrating artificial intelligence at the heart of its processes, our client achieved a better efficiency in its funds offer while saving time and resources. It also managed to build a multidimensional vision of the operations and centralize the operations on one single platform.

Main features

Automatic Document Parsing

Automatic Document Parsing

Audit Trail

Audit Trail

Automatic Ratios Implementation

Automatic Ratios Implementation

Automatic Reporting

Automatic Reporting

Breach Analysis

Breach Analysis

Business Workflow

Business Workflow

Data Management

Data Management

Rules Detection

Rules Detection

By using Innova solution, our client managed to achieve significant goals

80 % Reduction in Manual Operations
50% Reduction in False Positives
Reduction in Operational Costs
Increase in overall team performance
Reduction in funds launch
time-to-market

Challenges

  • With the increasing level of regulations, day to day business operations are continuously changing for the depositary bank and add high pressure on internal systems.
  • The growing volume of data complexifies the operations which are handled manually.
  • In this context, it becomes more difficult for our client to meet the regulatory requirements increasing the regulatory risk.

Problems

  • Replace the existing solution with a new-generation solution and re-engineer the client processes for greater efficiency
  • Redefine a new operating model to address the next 20 years challenges

Solutions

  • Fortia has managed to industrialize core processes into reliable and secure operations.
  • Thanks to the automation provided by Innova, the client has achieved a significant cost saving, a substantial decrease in the error rates and a strong reduction of false positives

Why Choose Our Solutions?

Fortia has more than 10 years of experience in the deployment and integration of its innovative solutions. Over the course of many projects, our skilled team of experts has developed a key understanding of the challenges in the banking and financial solutions.

They will help you choose the adequate solution to successfully manage your transformation project.

Understanding our clients’ needs, adapting to their local environments, and putting their challenges at the heart of our mission, grant the success of our projects.

Fortia has put in place dedicated support for its clients to answer questions and resolve issues when implementing the solution. The support team is flexible and experienced in assisting our clients to provide them with the right answers.

Industry experts

Industry experts

An experienced team ready to take all your challenges

Deployment capabilities

Deployment capabilities

The effective implementation of the solution is our priority

Flexible support

Flexible support

A dedicated and flexible team to support our clients

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