Global Financial Services Leader (Compliance) Case Study
Driven to grow and globalize its money transfer business, this global financial services leader needed to modernize its supporting back-office functions including settlement and accounting. The company also needed to enhance its reporting capabilities for compliance, as well as cost control and visibility purposes. EDS delivered the complete end-to-end solution, which included a new best-of-breed midrange platform complemented by a modular IT infrastructure complete with revamped enterprise applications and enhanced business processes. A robust reporting tool helps rein in costs and ensures compliance with government mandates.
Today, the new applications are more efficient, reliable and scalable than ever, allowing the company to expand into approximately 200 countries and 230,000 agents. Daily settlement volume has also grown from approximately 10,000 transactions per day to 540,000 transactions.