The Bank needed clearer Nostro visibility. MYRIAD centralised documentation and contacts, improving transparency, invoicing support, supplier negotiation analysis, with governance, risk and compliance controls strengthened amid increasing regulatory pressure.
Solution
The Bank formed a joint project team across Risk IT and Global Transaction Solutions, working closely with MYRIAD’s implementation team.
Together, they moved smoothly from development and testing into production with minimal disruption, creating a central repository for Nostro and custody accounts, automating management and reconciliation, supporting audit reporting – and delivering the solution within six months.
Results
MYRIAD delivered a secure, scalable cloud platform with controlled access, enabling cross-team collaboration and centralised network data using the Bank’s taxonomy.
Configured workflows, MIS, dashboard reporting and infrastructure integration strengthened governance, regulatory adherence and automation, reducing manual effort, errors, RFP cycles and due diligence, while supporting operational savings.
