Brazil′s new cheque truncation legislation will allow banks to process cheques electronically, therefore minimising the need to transport and store physical paper cheques for many years. These new regulations will allow Brazilian banks to achieve massive cost savings, whilst also increasing efficiency and security.

The opportunity, as well as the technological challenge, is immense. Billions of cheques must be processed in a very short window. Arquo is the only digital archive capable of ingesting the volume of documents required in the time available.

Arquo has adapted its market-leading high volume archival and retrieval product to reflect the new requirements and challenges faced by Brazilian banks. More than 200 banks worldwide use Arquo cheque archival solutions, including Portugal′s top 5 banks. Arquo was an instrumental advisor to cheque truncation legislators in Portugal, and today almost 90% of cleared cheques drawn on Portuguese banks are archived by Arquo.

Arquo is already delivering cheque archival solutions to Brazilian banks through systems integrators and BPOs.

For more information or to meet Arquo at CIAB 2009 in June contact us.