HSBC Selects BCS Solution to Improve Agent Bank Fee Management

Business Control Solutions (BCS) has signed a contract with HSBC to supply its Agent Reconciliation Control (ARC). This software application will act as HSBC’s single source of agent bank fee data.

The company says that its solution allows the centralisation of this data to validate costs accurately each month, enabling HSBC to look at the most efficient fee models in order to save money and accurately apportion fees against trading desks.

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