Broadridge Expands Central and Eastern European Footprint by Centralizing Reconciliations Processing for Raiffeisen Bank

  Broadridge Expands Central and Eastern European Footprint by Centralizing
         Reconciliations Processing for Raiffeisen Bank International

PR Newswire

LAKE SUCCESS, N.Y., Feb. 25, 2014

LAKE SUCCESS, N.Y., Feb. 25, 2014 /PRNewswire/ --Broadridge Financial
Solutions, Inc. (NYSE:BR) today announced that Vienna-based Raiffeisen Bank
International AG (RBI), a leading Central and Eastern European bank, has
implemented Broadridge's PROactive Reconciliation Solution across six of the
bank's regional subsidiaries to fully automate reconciliation processing.

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As part of Broadridge's proven ability to address increasingly complex client
needs through technology and operations solutions, PROactive allows RBI to
increase operational control and achieve more efficient processing on a
single, standard platform throughout its network banks in Poland, Bosnia and
Herzegovina, Kosovo, Romania, Bulgaria and Albania. These represent both new
implementations and those migrating to the latest release of Broadridge's
highly-configurable, multi-asset solution PROactive Reconciliation to fully
automate exception management.

Through its shared service center located in Romania, Centralized Raiffeisen
International Services & Payments S.R.L. (CRISP), RBI is pursuing a strategy
to consolidate the reconciliations processing of its operations across
multiple European locations into a centralized hub and intends to migrate
remaining international network banks onto a single installation. A key
element of the project has been to shift all processing from locally installed
stand-alone systems onto an enterprise-wide platform, which is offered by
Broadridge on a choice of database technology.

"The deployment flexibility of PROactive has allowed us to standardize our
central infrastructure for enterprise-wide reconciliation processing and
maximize operational efficiency across multiple regions," said Pierre Brisse,
General Manager, CRISP. "We are seeing high quality results from the
solution's advanced automation and workflow, including substantial
improvements to our automated matching rates and the ability to quickly
onboard additional reconciliation types, such as ATM and internal account

Mr. Brisse added, "The implementation of PROactive has enabled us to provide
an ASP service internally and across multiple locations. We welcome the
continued support from Broadridge in helping us achieve such strategic
measures and become more self-sufficient in the management of our
reconciliation processing."

Jose Contin, General Manager, EMEA and Americas for Broadridge's PROactive
Solutions, said, "This project is further affirmation of Broadridge's growing
footprint in Central and Eastern Europe. More and more, clients like RBI are
moving towards a centralized reconciliations service, and we are already
seeing how the strategy is enhancing the bank's transparency and operational
control while enabling significant improvements in risk management and cost

About Broadridge
Broadridge Financial Solutions, Inc. (NYSE:BR) is the leading provider of
investor communications and technology-driven solutions for broker-dealers,
banks, mutual funds and corporate issuers globally. Broadridge's investor
communications, securities processing and business process outsourcing
solutions help clients reduce their capital investments in operations
infrastructure, allowing them to increase their focus on core business
activities.With over 50 years of experience, Broadridge's infrastructure
underpins proxy voting services for over 90% of public companies and mutual
funds in North America, and processes more than $5 trillion in fixed income
and equity trades per day.Broadridge employs approximately 6,400 full-time
associates in 13 countries.

For more information about Broadridge, please visit

About Raiffeisen Bank International AG
Raiffeisen Bank International AG (RBI) regards both Austria, where it is a
leading corporate and investment bank, and Central and Eastern Europe (CEE) as
its home market. Fifteen markets of the region are covered by subsidiary
banks, additionally the Group comprises numerous other financial service
providers, for instance in the fields of leasing, asset management and mergers
and acquisitions. RBI is the only Austrian bank with a presence in both the
world's financial centres and in Asia, the group's further geographical area
of focus. In total, around 59,000 employees service about 14.4 million
customers through more than 3,000 business outlets, the great majority of
which are located in CEE. RBI is a fully-consolidated subsidiary of Raiffeisen
Zentralbank Osterreich AG (RZB). RZB indirectly owns around 60.7 per cent of
the common stock, the remainder is in free float. RBI's shares are listed on
the Vienna Stock Exchange. RZB is the central institution of the Austrian
Raiffeisen Banking Group, the country's largest banking group, and serves as
the head office of the entire RZB Group, including RBI. Visit

Media Contacts:

Mike West                  Shamira Alidina
Broadridge  Dina Communications
+44 (0) 20 7551 3224           +44 (0) 7801 590718


SOURCE Broadridge Financial Solutions, Inc.

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