Leading North American Bank Accelerates Check-Clearing

Capco brings large check-clearing program into compliance and reduces operational costs.

The second-largest check processor in Canada engaged Capco to assist in implementing new mandates for the electronic exchange of digitally-imaged checks. The bank serves internal clients in addition to other institutions, a role which highlighted the need for an orderly transition.

Capco crafted a multi-year strategy to help the client meet its compliance targets. Our team of experts provided business and technology advisory services to facilitate a smooth transition from paper presentation to an image-based clearing platform.

Benefits

  • Full and on-time compliance with Canadian Payments Association digital imaging mandate
  • Significant cost savings realized by eliminating paper-based processing
  • Digital image processing lays the foundation for future workflow optimization efforts
  • New revenue opportunities created through customer self-service image requests
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