Broadridge Financial Solutions, Inc., a global Fintech leader, announced that Centralised Raiffeisen International Services & Payments S.R.L. (CRISP), the shared service centre for Raiffeisen Bank International (RBI), has upgraded to Broadridge's next-generation reconciliation platform BRx Match. The implementation supports CRISP's growing business requirements to enhance efficiency, transparency and accuracy across a host of markets spanning Europe and Asia, while reducing exposure to risk.

"Having a modernized, scalable reconciliation platform is critical for maintaining operational excellence and meeting regulatory requirements in today's rapidly evolving landscape," said Andreea-Beatrice Manea, General Manager at CRISP. "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, all the while ensuring compliance with the latest industry standards."

Building upon a trusted and highly successful business relationship that began in 2009, this long-term agreement marks a significant advancement in CRISP's reconciliation technology infrastructure. The new deployment will enable CRISP to handle its projected fourfold increase in transaction volumes across its operating regions.

"This expansion of our relationship with CRISP demonstrates Broadridge's ability to support complex, multi-market reconciliation requirements," said Sandeep Saggi, General Manager, Regulatory Solutions and Data Control at Broadridge. "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."

The BRx Match platform's cloud-based architecture delivers enhanced automation capabilities, improved exception management, and seamless integration with ISO 20022 messaging standards. It will support CRISP's operations across a total of 14 markets including the DACH region, Central and Eastern Europe and Asia, representing both new implementations and migrations from previous Broadridge reconciliation solutions.