Broadridge upgrades RBI’s reconciliation platform with BRx Match

By Milan Rojan

Broadridge Financial Solutions has deployed its next-generation BRx Match reconciliation platform for Centralised Raiffeisen International Services & Payments (CRISP), the shared service centre of Raiffeisen Bank International (RBI), to support growing transaction volumes and regulatory requirements across international markets.

The implementation has upgraded CRISP’s reconciliation infrastructure with a cloud-based platform designed to improve efficiency, transparency and accuracy while reducing operational risk. The deployment will support operations across 14 markets spanning the DACH region, Central and Eastern Europe, and Asia.

Andreea-Beatrice Manea, General Manager at CRISP, said: “Having a modernised, scalable reconciliation platform is critical for maintaining operational excellence and meeting regulatory requirements in today’s rapidly evolving landscape. Our longstanding relationship with Broadridge has consistently delivered value, and this upgrade to BRx Match provides us with the advanced technology we need to support our ambitious growth plans, while ensuring compliance with the latest industry standards.”

Broadridge said the platform will help CRISP manage an expected fourfold increase in transaction volumes while supporting ISO 20022 messaging standards. BRx Match has also offered enhanced automation, improved exception management and integration capabilities to streamline reconciliation processes across multiple markets.

Sandeep Saggi, General Manager, Regulatory Solutions and Data Control at Broadridge, said: “This expansion of our relationship with CRISP demonstrates Broadridge’s ability to support complex, multi-market reconciliation requirements. As financial institutions look to modernise their reconciliation processes while adapting to industry changes, our next-generation platform provides the technological foundation they need for future success.”

Broadridge and CRISP have worked together since 2009, with the latest deployment extending their long-term partnership. The implementation has reflected continued investment by financial institutions in cloud-based reconciliation technology to improve operational resilience, support regulatory compliance and manage increasing transaction volumes across global banking operations.