Fiserv (NASDAQ: FISV), the leading global provider of financial services technology solutions, today announced that the Accurate transaction matching, reconciliation and exception management solution has been accredited with the SwiftReady Reconciliation Label 2009 - the tenth consecutive year that the solution has received the accreditation.
"As SWIFT standards evolve, the Accurate solution from Fiserv continues to meet the stringent SWIFTReady label criteria each and every year. With more organizations looking to improve their risk management processes and compliance strategies, accreditation demonstrates a vendor's capacity to deliver results," said Patrick Neutjens, head of partner management at SWIFT. "A decade of accreditation proves Fiserv's long term commitment to providing secure, robust and reliable reconciliation solutions in support of the growing global need to improve financial control processes."
Reconciliation represents an essential foundation component of a strong financial control framework for banks, securities firms, insurance companies and corporations. Accurate has been implemented by the world's largest companies generating greater operational efficiencies, mitigating risk, and fulfilling global compliance mandates such as Sarbanes-Oxley and Basel II.
"Fiserv customers recognize SWIFT as the standard for secure financial messaging across the globe," said Elizabeth Elkins, general manager of Financial Control Solutions at Fiserv. "We place great importance on obtaining the SWIFTReady label to underscore our commitment to delivering robust financial control solutions that meet the evolving risk management and efficiency demands of our customers."
Financial Control Solutions reinforces Fiserv's core competency in risk and compliance and is focused on the delivery of software solutions that enhance operational efficiency while mitigating financial and compliance risk. The solution suite delivers market leading capabilities across transaction matching, account reconciliation, exception and case management, account certification, balance sheet attestation, reporting, performance management and spreadsheet control.