Banking

Banking Industry

Banking Industry Reconciliation White Paper

by ReconArt Research

ReconArt Research
ReconArt, both as a company and as a solution, is very well attuned to the particular needs of the banking world. This is thanks to internal industry expertise and long standing partnerships with various banking institutions throughout North America and across the globe. Our banking and other financial institution clien...
Tags/Topics in this article: Banking

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BBN (Bankers’ Bank Northeast) – Customer Success Story

“ReconArt’s reputation for service and technology caught the attention of BBN as we searched to automate internal processes, expand reporting capabilities and enhance efficiencies.”

Company

Bankers’ Bank Northeast (BBN), based in Glastonbury, CT, was founded in 1998 and is one of 17 bankers’ banks nationally. The Bank offers a variety of correspondent services to community financial institutions throughout the six New England states, New York and New Jersey. BBN is committed to offering products and services that enhance the customer experience and improves profitability.

Challenges

BBN’s strategic plan included the implementation of a bank-wide reconciliation platform to automate daily, monthly and quarterly reconciliations that were being manually processed. Primarily the Bank wanted to automate matching of the ever-gro

Industry and Topics Referenced by this article: Banking

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First National Bankers Bank – Customer Success Story

“After we saw ReconArt’s proof-of-concept demonstration we thought it was a great system; we were impressed with what we saw.”

Company Profile:

First National Bankers Bank (FNBB), headquartered in Baton Rouge, Louisiana, was chartered as the first national Bankers Bank in the United States in 1984. It is, in essence, a bank set up by, and for the purpose of providing services to, community banks.   FNBB commenced operations with 28 shareholder institutions of its bank-owned cooperative to provide correspondent banking services to its members. This prepared the way for the phenomenal growth that FNBB would experience over the next two decades. Today, with assets of approximately $1 billion, FNBB delivers banking services to over 700 community banks throughout the Southeast of the country.

Industry and Topics Referenced by this article: Banking

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