Case Study: SEB Bank
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Find out how SEB Bank delivered stunning ROI in a scant 3 months.
About this case study
SEB reviewed its correspondent banking services strategy in late 2008 and found that they were suffering from severe revenue leakage. The source of the revenue leak was multiple billing systems, resulting in fees that were not billed properly or not billed at all.SEB determined that a consolidated pricing and billing system was needed.
“miRevenue allowed us to generate a single integrated invoice for all charges across multiple geographies, accounts and services. The ROI after 3 months was tremendous – we now plan to deploy miRevenue for Custody services as well.“
~ Linda Wade, Global Manager GTS Product Profitability, SEB – Merchant Banking