Banco Santander Brasil and Banco Real unify the processing of payment documents in a single platform, with IPSA’s technology, complying Truncation regulations in Brazil

 

Since 2002 IPSA collaborates with its Atril platform in the image processing of documents for Grupo Santander Brasil, one of the largest Private Banks in Brazil.

The terms truncation or immediate clearing, based on the capture of the check image, is now a reality and a trend worldwide. Actually many countries are removing physical clearing of documents, speeding up the clearing process.

At the beginning of 2009, FEBRABAN (Brazilian Banking Federation) defined for the Brazilian Clearing System, the requirements and processes that will rule the “Check Truncation Process”, on what meant a mayor change in the processing of checks on this country.

Banco Santander Brasil entrusted IPSA to adapt the installed platform to make it complant with the new regulations. This was a mayor challenge for the Bank, as it had to meet strict time periods and requirements coming from the headquarters, while they should keep up with the excellent standards of service and processes that are an integral part of them. All of this, reaching the technical and processing standards required by FEBRABAN.

According to this adaptation, from November 2009, the check clearing system on São Paulo was unified for both banks in a single site, where more than 1.4 million checks are processed every day, with peak processing volumes exceeding that amount. Additionally, in order to perform a check clearing based only on information transmitted electronically, several phases of the truncation project has been implemented.

Some of the benefits attained with this installation has been:

• São Paulo state checks are scanned and ready for the start of the check truncation project.
• The signature control of all São Paulo checks has been centralized so branches are free from performing this task and the paper checks are not moved physically among branches.
• Branches can search and retrieve online the image of checks, allowing them to immediately print copy of checks for bank customers

 

Atril is a solution compliant with all requirements defined by FEBRABAN regulations, as well as a starting point for a scalable solution that eases image technology adoption in other banking processes, according to the movements on the development of regulations mad by official institutions in other clearing processes.

Atril it is been used throughout Latin America, where the truncation has been defined and implemented, demonstrating their leadership in the banking industry.

 

About Grupo Santander Brasil*

Grupo Santander Brasil, includes Banco Santander and Banco Real. In December 2009, it reached a total of R$ 316 billion in total assets, R$ 242 billion in total deposits – R$ 144 billion in deposits from customers and R$ 98 billion in deposits from investment funds, more than 22 million customers and more than 10 million of active accounts holders. The customer support and services network comprises 3,593 sales points, among branches and service centers.

 

About Grupo Santander worldwide

With more than 150 of activity, Grupo Santander, with headquarters in Madrid, Spain, is one of the largest financial institutions in the world for market capitalization. Founded in Santander city, Cantabria state, it operates in many countries and has a large geographic diversification. In December 2009, it hold 13,660 branches, more than 170 thousands employees, near 90 million customers, more than 3 million stockholders and a volume of 1,794.2 billion USD in managed assets. Net utility un 2009 reached 12,4 billion USD.

*Numbers on IFRS

About IPSA

IPSA  is a Spanish company which develops technology and software solutions for the automation of business processes related to documentation (physical and electronic). It has extensive experience in various sectors including Public Administration, Insurance, Banking and Finance, Health Care, etc. IPSA is currently present in Spain and the principal markets in Latin America.

 ATRIL® solutions by IPSA allow the capture and management of documents with the application of its technology for image management, process distribution, optical recognition and workflow, reducing costs and increasing the efficiency of processes. ATRIL® currently processes over 1.6 billion documents annually and has granted more than 2,400 licences worldwide.

Atril is the technology platform developed by IPSA for the capture, extraction, processing, storing and retrieval of data, images and documents. Atril reduces transformation costs, ensuring a great efficiency on business processes and a short return on investment. At present, more than 1,600 million documents are processed with Atril technology in more than 2,000 facilities worldwide.