Case Study: Stifel Financial Corp. achieves $300K+ annual savings and improved cash management with Fiserv's Weiland BRMedge

Stifel Financial Corp. Bank Fee Analysis Helps Firm Dramatically Reduce Bank Fees

Stifel Financial Corp., a global wealth management and investment banking firm, was struggling to analyze bank fees across hundreds of accounts because each bank coded services differently and manual statement reviews made it hard to compare charges, spot errors or identify inactive accounts. To solve this, the firm engaged Fiserv and its Weiland BRMedge solution to gain automated, comparable fee analysis.

Fiserv delivered a fully outsourced Weiland BRMedge service that automates statement validation, compares services and fees across banks, flags errors, and provides monthly reports and consulting with actionable recommendations. The Fiserv engagement increased cash-management transparency, improved bank relationships, identified inactive accounts to eliminate risk and delivered estimated annual savings of $300,000–$400,000.

Stifel Financial Corp.

James Barry

Director of Treasury