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 it turned to Dattos, was clear: automate as many reconciliation routines as possible, accelerate data processing, and ensure regulatory compliance with complete security and team autonomy.
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
Autonomy and trust
Full team autonomy, with no dependence on technical knowledge;
Strengthening of institutional reputation and stakeholder trust.
Compliance and risk prevention
Compliance with Central Bank requirements and auditable data.
Prevention of financial losses through rapid identification of discrepancies in charges and remittances
Efficiency
98% reduction in reconciliation processing time;
95% reduction in time spent on reconciliations, from 160 to 6.7 hours per 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.