Reclaiming $2M of Financial Potential for a Multi National Bank

Reclaiming $2M of Financial Potential for a Multi National Bank

Atlantis Asset Recovery stepped in with a market-leading asset recovery database, managing the complex process of coordinating with various state and local agencies. This partnership led to the successful recovery of $1.4 million in the first year and a total of $2 million over the course of their collaboration, addressing 293 name variances across 33 agencies. The bank benefited from minimal effort on their part, simply receiving the recovered funds while Atlantis handled all complexities of the recovery process.

Our Client

Our client is a large multinational bank that had a potential of millions of dollars in unclaimed property to recover for its flagship bank and other acquired banks.

Challenge

The company did not have the resources or the expertise to coordinate recoveries across numerous state unclaimed property departments, cities, counties, and other government agencies that may be holding its unclaimed assets. The complexity of managing funds for its numerous entities across diverse agencies created significant hurdles for its internal team.

Solution

Leveraging our market-leading asset recovery database that consolidates records from various agencies, Atlantis Asset Recovery ’s asset recovery experts initiated a meticulous process to identify and recover our client’s unclaimed funds. This comprehensive yet streamlined approach enabled the bank to focus on other mission-critical initiatives while our team managed the complexities of recovery.

Result

In the first year, Atlantis Asset Recovery successfully recovered $1.4 million for our client and, over the lifetime of our partnership, has recovered $2 million from 33 agencies, addressing 293 name variances. The client’s effort remains minimal effort—they simply receive the checks. Our approach alleviated the burden of coordinating recoveries and provided the bank with valuable resources that may otherwise have gone unrecovered.

Need Help With Your Asset Recovery? No Problem.
At Atlantis Asset Recovery , our team works with you to ensure the highest quality of claims management to deliver maximum net recovery.