|PinnacleSports.com has gone live with its Operational Risk Management solution designed to monitor transactional risk, automate its bank account reconciliations and optimise the resolution and reporting of exceptions across its customer accounts. |
By seamlessly automating the end-to-end transaction processing of payments from inception through to final resolution using a single reconciliation platform, accurate NXG has been able to move the processing of reconciliations from an end of day to an intraday activity -- from 8 hours to an average of just 45 minutes -- freeing up finance executives for more value added activities.
NXG’s dashboard will be used across all of the PinnacleSports.com payment channels.
The resulting extra level of transparency minimises the company's potential exposure to operational risk and reduces costs through improved operational control.
Ate de Jong, chief financial officer at PinnacleSports.com said, ‘The growth of PinnacleSports.com and of the online betting industry as a whole has been phenomenal and with this growth comes the need to build an effective operational risk management infrastructure.'