Introduction
Banks and securities houses have a need to move from batch driven processes of ‘cash at bank’ and ‘securities in custody’ recon to near real-time operations. These recon and related exception management processes are now expected to cover the complete transaction lifecycle of all business transactions, no matter the type / format. This brief profiles the evolution of recon solutions in the market.
Scope
Detailed discussion on the critical business and technical issues facing banks and financial institutions in light of global regulatory initiatives.
Comprehensive analysis of the required features for any true enterprise wide reconciliation solution and discussion of which vendors can deliver
In-depth vendor profiling of Accurate Software, CheckFree, City Networks, Electra, FMC, SmartStream and SunGard’s solution and financial performance
Discover which vendors can deliver on the promise of enterprise recon in order to meet your business needs and requirements
Report Highlights
FSIs must ready themselves to review operational risk and operational control processes and capabilities across the enterprise to ensure the ongoing maintenance of appropriate systems and controls to ensure adherence to regulatory requirements.
Recon systems are evolving to become more generic in nature to be capable of accepting data and messages in a wide variety of formats. Traditionally, only fixed messages, such as SWIFT, CLS, FIX, etc, were considered, but now they must be able to accept data sent by a large number of internal and external systems, providing match rates of over 90%.
Any vendor wishing to successfully offer a recon solution on an enterprise wide scale must include core architecture components such as generic matching, transaction management, exception management, integrated MIS reporting and web access in order to achieve the benefits associated with an enterprise wide recon offering.
Reasons to Purchase
Identify and understand key technologies that are relevant in pulling together an integrated and coherent reconciliations infrastructure
For financial institutions and banks, enhance planning of compliance initiatives & obtain key action points in streamlining reconciliation functions
Benchmark the providers of enterprise recon solutions to ensure that they meet your needs - from a technical, business and culture perspective
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