Broadridge Platform Upgrade for Raiffeisen Bank International

Broadridge Financial Solutions has announced that Centralised Raiffeisen International Services & Payments S.R.L. (CRISP), the shared service centre for Raiffeisen Bank International (RBI), is upgrading to Broadridge's BRx Match reconciliation platform. The implementation is expected to enhance efficiency, transparency, and accuracy across markets in Europe and Asia.

The upgrade is designed to support CRISP's increasing business demands, including a projected fourfold increase in transaction volumes. The company also aims to reduce operational risk through the adoption of the new technology.

"Having a modernized, scalable reconciliation platform is critical for maintaining operational excellence and meeting regulatory requirements in today's rapidly evolving landscape," said Andreea-Beatrice Manea, General Manager at CRISP. "Our longstanding relationship with Broadridge has consistently delivered value, and this upgrade to BRx Match provides us with the advanced technology we need."

This long-term agreement builds on a relationship between Broadridge and CRISP that began in 2009. The new cloud-based BRx Match platform features enhanced automation, improved exception management, and seamless integration with ISO 20022 messaging standards. It will support CRISP's operations in 14 markets across Europe and Asia.