Case Study: Banco Caribe achieves full-population audits and cost savings with ACL data analytics

Strategic Analytics Elevate The Banco Caribe Audit Program

Banco Caribe is a Santo Domingo–based bank in the Dominican Republic with 54 branches offering retail and corporate services. When a financial software package failed to deliver, the audit team was stuck using time-consuming sample testing and struggled to integrate disparate mainframe files and large data sets to find billing, interest and control exceptions.

By deploying ACL, auditors quickly ran end-to-end analytics across multiple file types and unlimited file sizes, creating a transparent, repeatable audit trail and automated reports. The solution exposed interest overpayments, saved staff hours, reduced revenue leakage, tightened internal controls and gave senior management full visibility to drive better decisions.

Banco Caribe

José René Espino Yunes

CISA