70%
Reduction in reconciliation time
$2T+
Annual volume processed
4x
Faster asset onboarding
99.99%
Settlement accuracy
The Challenge
What needed solving
The bank's 20-year-old trade settlement platform was struggling under increasing volume and regulatory complexity. End-of-day reconciliation routinely ran past SLA, exceptions were managed through email and spreadsheets, and onboarding new asset classes required months of bespoke development. Operational risk was rising and the regulator had flagged concerns around data lineage.
Our Approach
How we partnered
We embedded a senior team alongside the bank's operations and technology leaders to run a 12-week assessment, then designed a phased modernization strategy. We re-architected the core engine on a microservices platform, built a real-time exception management workbench, and migrated reconciliation workloads to an event-driven model. Throughout, we paired Orbitor engineers with the bank's team to transfer knowledge and build internal capability.
Business Outcomes
The impact delivered
Within 14 months, the new platform was fully live across equities, fixed income, and derivatives. End-of-day reconciliation now completes in under 2 hours (down from 7), exceptions are resolved on the same day rather than rolling over, and the bank has onboarded three new asset classes without any platform changes. The regulator closed its open findings on data lineage following our remediation.
- 70% — Reduction in reconciliation time
- $2T+ — Annual volume processed
- 4x — Faster asset onboarding
- 99.99% — Settlement accuracy