BancTec Provides Online Check Archive and Retrieval for Allied Irish Banks
“BancTec has developed a robust archive and retrieval solution that will significantly increase the efficiency of our clearing operation,” said
AIB has been a BancTec customer since 1994, when it originally purchased a cheque processing system. To deliver the business benefits sought by AIB, BancTec is upgrading the scanning system’s image cameras in order to capture the fidelity required by an online system. In addition, BancTec’s eFIRST(TM) solutions are being utilised to capture and store the cheque images, which will reside in a BancTec-hosted and managed archive. When fully operational, AIB personnel will be able to access online cheque images, replacing the time-consuming process of looking up cheques on microfilm.
“AIB’s need to improve the efficiency of its check clearing and archive process is a common one among large, multi-national financial institutions,” said
AIB Group is Ireland’s leading banking and financial services organization. It operates principally in
BancTec helps clients around the world simplify the process of managing their information. Founded in 1972, the company provides a wide range of solutions for automating complex, high-volume and data-intensive business processes for clients in the financial services, healthcare, manufacturing, government, services and utilities industries. BancTec’s offerings include business solutions, business process outsourcing, and infrastructure services. With headquarters in
All statements in this press release that do not directly and exclusively relate to historical facts are “forward-looking statements” describing BancTec’s objectives, targets, plans, strategies, costs, anticipated capital expenditures and expected cost savings. These statements represent BancTec’s intentions, plans, expectations and beliefs, and are subject to risks, uncertainties and other factors, many of which are outside the Company’s control. These factors could cause actual results to differ materially from such forward-looking statements. For a written description of these factors, see the section titled “Risk Factors” in the Company’s Registration Statement on Form S-1, as amended, initially filed with the Securities and Exchange Commission on
SOURCE BancTec Ltd.