Banking
In today’s global financial market, banks are experiencing broader competition, while simultaneously facing a significant increase in regulatory requirements. These two factors are shrinking margins and squeezing profitability: Meeting this challenge requires your institution to lower costs while expanding your portfolio of revenue-generating products and services.
To help you improve bottom-line performance, and respond effectively to changing marketing conditions and regulations, Chesapeake offers financial institutions a suite of solutions that:
- Boost productivity
- Reduce operational risk
- Support regulatory compliance for SOX and BASEL II
- Offer new products and services
- Provide competitive advantages
- Create additional revenue opportunities
- Enhance customer relationships and loyalty
- Improve customer service
- Deliver real-time decision-support information
- Decrease costs
- Maximize return on your technology investment
Chesapeake’s solutions can be delivered as traditional software running at your institution, or as an ASP hosted solution.
Total Reconciliation Solution (T-Recs®)
With comprehensive research, reporting, and communications capabilities, the T-Recs account reconciliation software gives you the power to implement best practices, cut costs, and improve auditability and Sarbanes-Oxley compliance. T-Recs automates the full range of reconciliation activities, including disbursement, general ledger, Federal Reserve, wire transfer, ACH, and correspondence/due from accounts.
Beyond reconciliation activities within your bank, T-Recs offers you a comprehensive, powerful and yet affordable, solution for providing ARP and Positive Pay services on all transaction activity for your corporate customers – including ACH payments, eChecks, etc.
Chesapeake IDM™ (Internet Data Manager)
IDM automates the Internet retrieval and distribution of financial data, reducing the expense and effort associated with data acquisition, and minimizing the possibility of fraud. Implementing IDM puts you in complete control, with data retrieval that’s more efficient, less expensive, and more secure. Selecting IDM can also allow you to offer automated data exchange as an additional revenue-generating service to your customers.
SmartTreasury®
Sophisticated corporate banking customers are increasingly demanding that their banks offer them additional treasury products and services. The SmartTreasury web-based treasury workstation can provide your customers with a tool that allows them to gain complete control over their treasury operations. SmartTreasury includes functions such as detailed balance reporting, cash positioning, payments, and forecasting that can help enhance your relationship with these important customers.
Unclaimed Property Compliance System (UPCS®)
UPCS automates the tracking, documentation, and regulatory compliance required for unclaimed property, like dormant accounts and safety deposit boxes, in all 54 jurisdictions. Continuous updates of statutory requirements, a powerful report writer, and automated notice of critical deadlines help ensure that you stay in compliances with the unique rules in each state.
