Accurate Software and Pegasystems have teamed up to provide an integrated reconciliation and investigations processing solution for financial market participants.
Under the deal, which includes joint co-marketing and sales strategies, Accurate's real-time reconciliation solution will be combined with Pegasystems' integrated investigations suite.
The combined solution will help the drive towards T+1 by reducing the time to handle both the reconciliation of transactions and resolution of investigations.
Keith Hawker, vice president of strategic partnerships, Pegasystems, says "there are several well-developed reconciliation packages on the market", but Accurate's rules-based engine makes it suitable for multiple types of reconciliation in financial institutions of various sizes.