ITG chooses Fiserv to automate reconciliation and exceptions management

Source: Fiserv

Fiserv (NASDAQ: FISV), the leading global provider of financial services technology solutions, today announced that Investment Technology Group Limited (ITG) has selected its Accurate solution to provide financial controls for all of its European operations.

Using Accurate from Fiserv, ITG will now have the ability to perform a variety of cash and securities reconciliations including stock, nostro and broker execution/allocation. ITG also plans to use the solution to automate the exception management process around these reconciliations and provide daily management level reporting.

"Customer focus is the hallmark of our business at ITG. Selecting a comprehensive solution that is easy to deploy and intuitive to use allows our team to fully leverage their time in serving our clients. The Accurate solution from Fiserv provides the functionality and controls required for our business while maintaining ease of use for our staff," said Stephen Elliott, post trade product manager for ITG.

"Implementing robust financial controls is imperative to mitigating operational risk and ensuring the integrity of critical financial information," said John Filby, president, Risk and Compliance Solutions, Fiserv. "With Accurate from Fiserv, ITG can address high transaction volumes while dealing with exceptions more quickly and effectively. These capabilities align with ITG's commitment to accuracy, transparency and an unwavering focus on customer satisfaction."

Accurate from Fiserv provides financial controls including transaction matching and reconciliation, case management, account certification and reporting. An example of the Fiserv core competency in risk and compliance, Accurate is part of the company's suite of Financial Control Solutions which serve as a foundation to enhance operational control, business efficiency, risk management and compliance strategy for financial services organizations across the globe.

Comments: (0)