Multinational bank automates reconciliation of wholesale banking transactions

The customer

The customer is a leading multinational bank with over 30,000 employees and more than seven million customers across retail, business, and institutional banking.

The organization plays a critical role in the financial infrastructure of its domestic market and operates at significant scale, with a complex product mix and stringent regulatory obligations.

Challenge:

As part of its regulatory obligations, the bank must perform complex, product-specific reconciliations to support capital adequacy attestations. These reconciliations are critical for ensuring the accuracy and integrity of financial data submitted to regulators.

However, the process was becoming increasingly difficult to manage. Inconsistent execution across teams, driven by the gradual loss of institutional knowledge and expertise, led to variability in outcomes. At the same time, growing data volumes made it difficult to perform reconciliations at the required level of granularity, due to limitations in existing tools and processes.

Compounding these challenges were tightening regulatory deadlines, which placed additional pressure on teams to deliver accurate results more quickly. The bank needed a scalable, consistent, and transparent solution that could meet both operational and compliance demands.

Solution:

To address the growing complexity and regulatory pressure surrounding its reconciliation processes, the bank implemented an automated solution using Solvexia. The platform now reconciles over 500,000 transactions each month, performing end-to-end processing across multiple product lines and data sources.

The automated workflow consists of 250 individual steps, extracting and transforming data from more than 50 source files. Results are now generated 2 to 4 business days earlier, supporting timely regulatory submissions. The solution also includes dashboards with drill-down capabilities, allowing users to investigate variances and exceptions with ease. In total, the automation delivers 1.5 FTE of manual effort savings while maintaining full transparency and control throughout the process.

Results:

Since implementing Solvexia, the bank has achieved consistent, audit-ready reconciliations that operate at the most granular, transactional level. The reconciliations are now performed multiple times per month, enabling the team to proactively address issues before final submissions. The process not only meets tighter regulatory deadlines but also improves the accuracy and reliability of the data used for capital adequacy attestations.

With documentation, version control, and embedded audit trails now fully integrated, the bank has significantly strengthened governance over its reconciliation processes. The automation, delivered in just three months, ensures that the process is scalable, resilient, and future-proof—ready to adapt as data volumes grow and regulatory expectations continue to evolve.