Belfius Turns to Autonomy For Post-Trade Automation

Belgium-based Belfius, formerly Dexia, has consolidated its confirmation processes with Autonomy.

Belfius Bank, formerly Dexia, has selected Autonomy, an HP company's Scrittura product to automate its trade confirmation process.

Autonomy Scrittura consolidates Belfius's back-office confirmation systems into a single end-to-end platform for confirmation, having reduced templates from 200 to around 75.

"Because we operate in an extremely fast-paced sector, we have a strategic need to reduce complication in the trading process, while still controlling the risk factors," says Johan Roels, head of transaction services and organization financial markets at Belfius. "Autonomy Scrittura helps us cut through the complexity and reduce both our risk and costs, and gives us a single platform to meet our present and future needs."

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