Description
Understand how Novacomp developed a comprehensive reconciliations, settlements, and surcharges solution for a leading bank in Costa Rica. Integrated directly into the entity’s transactional hub, this platform automated daily reconciliation, clearing, and settlement across multiple external entities, cardholders, merchants, and issuers, ensuring accounting accuracy and operational efficiency.
What will you discover in this document?
By reading this case study, you will learn:
- The challenge of reconciliation in complex architectures: The need to orchestrate daily processes across unintegrated systems, cross-referencing user information (cardholders and merchants) with authorizations recorded at the bank and its Transactional Exchange models.
- The methodological and integration approach: Building ETL processes for data migration and ingestion, running simulation phases to validate results with functional leads, and implementing self-management mechanisms tailored to business logic.
- The technological ecosystem and external network connectivity: Achieving interoperability among legacy systems on iSeries-RPG, developments in Visual Studio, SQL Server databases, transactional switches, and interfaces with Visa international feeds.
- Operational and financial impact results: Optimization in chargeback and claims management, automated commission calculation, accelerated rollout of new local and international connections thanks to a parametric design, and direct generation of accounting and statistical reports.