95% reduction in time spent on manual tasks
About Travelex Group
Travelex Group is a global leader in foreign exchange, with a presence in over 20 countries. It is represented by Travelex Bank — the first bank exclusively dedicated to foreign exchange operations in the country — and by the brokerage firm Travelex Confidence.
The company moves millions in local and foreign currencies, leading strategic foreign exchange operations for tourism, foreign trade, and international financial transactions.
Operating in a highly demanding sector, Travelex Group is a benchmark in robustness, precision, and security.
Context
In a highly regulated environment like the foreign exchange market, Travelex Group needs to ensure that all its operations — involving high volumes and multiple currencies — are accurately reflected in its internal systems, guaranteeing traceability and compliance with the requirements of the Central Bank.
Thus, the complexity lies not only in the volume, but also in the level of control required over each transaction, especially given obligations such as submitting foreign currency position reports, monitoring exchange rate fluctuations, and making periodic regulatory transfers.
The challenge
Meet strict Central Bank requirements with security and precision
Handle high transaction volumes without compromising data reliability
Increase process efficiency to avoid financial losses, regulatory issues, and reputational risks
The solution
The mission of Travelex Group, when turning to Dattos, the goal was clear: to automate as many reconciliation routines as possible, gain agility in data processing, and ensure regulatory compliance with complete security and autonomy for the team.
With Dattos, over 20 reconciliation routines were implemented to cover the complete foreign currency buy-and-sell cycle.
Inconsistencies are now quickly identified, preventing operational risks, financial losses, and audit findings.
The platform now receives data from all transactions, integrated across multiple systems, and reconciles them with accounting records, ensuring that local and foreign currency balances, fees, and rates are correctly allocated to the appropriate accounts.
The result was a more efficient, reliable operation aligned with Central Bank requirements, all while providing the finance team with more autonomy to act with precision and agility.
"Dattos brought a significant operational gain: we had 20 accounting reconciliation routines that took up to 24 hours to be manually processed by analysts—today, that time has dropped to just 20 minutes, with the added benefit of automated insights and reports that broaden our strategic vision."
Matheus Caravina
Executive Data Manager
Results and strategic impact
Strengthening
Full team autonomy, with no dependence on technical knowledge;
Strengthening of institutional reputation and stakeholder trust.
Guaranteed compliance & Prevention
Guaranteed compliance with the Central Bank and auditable data.
Prevention of financial losses through rapid detection of inconsistencies in charges and transfers
Savings
98% savings in processing time for reconciliations;
95% savings in time dedicated to reconciliations, reducing from 160 to 6.7 hours/month.
Want to know how to achieve Travelex Group’s results with our technology?
Dattos brought a significant operational gain: we had 20 accounting reconciliation routines that took up to 24 hours to be manually processed by analysts—today, that time has dropped to just 20 minutes, with the added benefit of automated insights and reports that broaden our strategic vision.