The volatile nature of today’s business and regulatory environments is driving organizations to address process-change head on. The financial services industry is no exception. Business processes have traditionally required manual intervention, thus missing the mark in achieving true straight-through processing.
The volatile nature of today’s business and regulatory environments is driving organizations to address process-change head on. The financial services industry is no exception. Business processes have traditionally required manual intervention, thus missing the mark in achieving true straight-through processing.Experiencing error rates as high as 30%, HVB Americas, Inc., a division of the second largest bank in Germany, was faced with both escalating costs and constrained growth. Leveraging existing infrastructure, HVB has now deployed a fully integrated technology architecture that enables business processes and human workflows to work together. As a result, HVB has eliminated manual processing, increased transaction volume, reduced costs and improved competitive advantage.
David Dart, Managing Director & CIO, HVB Americas Inc.With over 27 years of experience in the international Finance sector, David Dart has made business and technology strategy a key focus. As Managing Director and CIO for HVB Americas, Dart is responsible for technology within the Americas region. He has successfully implemented both an STP architecture at HVB (New York) based upon a real-time EAI concept, as well as an E/Commerce solution for Global F/X Trading. Through comprehensive change management initiatives, Dart emphasizes business re-engineering through technology and cost containment.
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