Latest Reconciliation News: Finextra Research

OCC taps DLT for securities lending infrastructure

Equity derivatives clearing organisation OCC has selected Axoni to help it replace its securities lending infrastructure with distributed ledger technology.

05 May 2020

News/payments

Italian banks go live on Spunta Banca DLT platform

A group of Italian banks has gone live with a distributed ledger technology-based system for the reconciliation of reciprocal accounts.

28 April 2020

Company update/payments

Jumhouria Bank of Libya goes live on SmartStream for reconciling payments

SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) solutions provider, today announced that Jumhouria Bank, the biggest bank in Libya, has successfully gone live on SmartStream’s solution for the reconciliations of cash payments - the first of a two phase implementation to consolidate and automate the reconciliation process across its 170 branches to deliver real-time operational control.

20 April 2020

News/wealth

InvestCloud launches digital platform for IFAs

InvestCloud has unveiled a digital platform for wealth management and turnkey asset management programs (Tamps).

05 March 2020

Company update/Reconciliation

Zillione together with SmartStream provides reconciliations automation to People’s Bank of Colombo

ZILLIONe, the internationally networked enterprise solutions provider, recently completed the successful implementation of the latest reconciliation software by SmartStream, the Transaction Lifecycle Management (TLM®) solution provider – for People’s Bank.

04 March 2020

News/regulation

Piercing the LIBOR veil: Concern brews over looming deadline

While financial institutions across the market remain outwardly confident about their LIBOR transition strategy, uncertainty continues to surround the feasibility of achieving the migration within proposed deadlines.

02 March 2020

Company update/Reconciliation

Duco announces members of Growth Advisory Council

Duco, the global provider of self-service data integrity and reconciliation services, today announced the formation of a Growth Advisory Council to support its product and market expansion.

30 January 2020

Company update/Reconciliation

Fund Recs secures Sanne as new reconciliation client

Fund Recs is pleased to announce that it will provide SANNE, a leading global provider of alternative asset and corporate services, with tailored reconciliation automation services through its Velocity fund administration software.

23 January 2020

Company update/payments

EBA Clearing begins delivery of pan-European request to pay infrastructure

EBA Clearing announced today the delivery of specifications for its pan-European request to pay (R2P) infrastructure solution. The specifications have been created with the support of 27 financial institutions from 11 countries, which are funding the development of the solution. These specifications will be made available to the wider community of future users of the solution and to the technical service providers and solution providers supporting them.

16 December 2019

News/retail

Metro Bank trials digital business receipts

Metro Bank has invited a select few business customers to trial its upcoming app-based receipt manager, created following a partnership with Canadian tech firm Sensibill.

11 December 2019

Company update/ai

Broadridge unveils AI-based STP machine

Broadridge Financial Solutions, Inc., a global Fintech leader and part of the S&P 500 Index, today announced the launch of Broadridge Data Control Intelligent Automation, a new artificial intelligence (AI) and machine learning (ML) platform built to be deployed across industry-wide reconciliation, matching and exception management applications.

03 December 2019

News/payments

P27 Momentum: Key milestones for stakeholders in 2020 and beyond

Henry Ohlsson, deputy governor, Riksbank kept Nordic payments professionals entertained during NextGen Nordics: P27 Momentum during his session on the role of the central bank in a changing environment.

26 November 2019

News/regulation

Regtech Tookitaki raises $19.2m

Singapore-based, AI-powered regtech startup Tookitaki has topped up its Series A funding round to a total of US$19.2 million.

25 November 2019

Company update/Reconciliation

Electra Reconciliation platform gets revamp

Electra Information Systems, Inc. (“Electra”), a leading provider of award-winning post-trade solutions for the buy-side investment management industry, has added new capabilities to its Electra Reconciliation platform to enable firms to expedite investigations by quickly identifying the root causes of trade breaks or exceptions.

12 November 2019

News/sustainable

SustainableFinance.Live - a new event series

Finextra Research and ResponsibleRisk are collaborating with change agents in the sustainable finance arena to showcase a programme of content, workshops and conferences.

08 November 2019

News/payments

A treasurer’s best practice guide to global payment integration

Corporate business success stories can only be achieved if treasury professionals are keenly aware of the payment options, innovations and regulatory changes that are, can and will impact financial operations.

21 October 2019

News/cloud

Why are FIs shifting grid computing to the cloud?

The financial services industry has long required compute-intensive calculations for risk management, regulatory compliance, product development, pricing, trading, clearing and surveillance. However, the volume and timeliness of these calculations have increased.

18 October 2019

News/regulation

Sibos 2019: How compliance is keeping pace with real-time cross-border payments

At Sibos 2019, industry leaders in the compliance space will be exploring how best to prepare for the challenges that are emerging with real-time cross-border payments, which are inherently more challenging than domestic payments because they require bridging the closed loops of multiple currency systems.

23 September 2019

Company update/wholesale

AcadiaSoft and BNY Mellon deliver all-in-one collateral workflow to clients

AcadiaSoft Inc., the leading industry provider of risk and collateral management services for the non-cleared derivatives community, today announced a new initiative with BNY Mellon that will allow buy-side market participants to manage margin calls, calculations, reconciliations and instruct the movement of collateral through a single interface.

18 September 2019

Company update/Reconciliation

Credit Suisse Securities (Canada) picks Torstone post-trade processing platform

Torstone Technology, a leading provider of post-trade securities and derivatives processing, today announces that Credit Suisse Securities (Canada) Inc. has selected its award-winning post-trade processing platform, Inferno, to replace the firm’s existing third party outsourced platform and service.

05 September 2019