The enhanced processing capabilities have completely changed PNC’s day-to-day operations for numerous departments. Large files no longer pose an issue, as Agostino’s team can effortlessly process many multi-GB files and extract data from them daily to send downstream to partners. Onboarding clients, a process that once took over three months, has been drastically reduced to under eight weeks.
“Being new to ISO, we didn’t have the expertise we needed,” says Agostino. “Luckily, we had the ITX packs to give us all the formats and we were able to onboard clients quickly. If we had to create that type of tree on our own, we could not have done it. I don’t know if we could do it now.”
According to Agostino, the system continues to demonstrate its unmatched scalability while still being nowhere near stretched to its limits.
“Just the sheer volume of things coming through now has tested our capabilities,” says Agostino. “We went from one client to 60 and from one ISO file to 6,000 per month. There’s no question that we have improved the SWIFT transaction process immensely using the ITX Pack for Financial Payments.”