Broadridge Upgrades Raiffeisen Bank’s Reconciliation Technology with BRx Match | LeapRate
Broadridge Financial Solutions, Inc. (NYSE:BR) has announced that Centralised Raiffeisen International Services & Payments S.R.L. (CRISP), the shared service centre for Raiffeisen Bank International (RBI), has upgraded to the company’s next-generation reconciliation platform, BRx Match.
The implementation is designed to support CRISP’s expanding business needs, improving efficiency, transparency and accuracy across markets in Europe and Asia while reducing risk exposure. The new platform will also help CRISP manage a projected fourfold increase in transaction volumes across its operating regions.
Andreea-Beatrice Manea, General Manager at CRISP, said a modernised and scalable reconciliation platform is essential for maintaining operational excellence and meeting regulatory requirements. She added that the long-standing partnership with Broadridge continues to deliver value, with BRx Match providing the technology needed to support CRISP’s growth ambitions while ensuring compliance with current industry standards.
The agreement builds on a business relationship between the two companies dating back to 2009 and represents a significant step forward in CRISP’s reconciliation infrastructure.
Sandeep Saggi, General Manager, Regulatory Solutions and Data Control at Broadridge, said the expanded partnership highlights the company’s ability to support complex, multi-market reconciliation needs as institutions modernise their operations.
BRx Match’s cloud-based architecture offers enhanced automation, improved exception management and integration with ISO 20022 messaging standards. The platform will support CRISP’s operations across 14 markets, including the DACH region, Central and Eastern Europe and Asia, covering both new implementations and migrations from earlier Broadridge solutions.
