Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, today announced that it has been awarded the 2014 SWIFT Certified Application Reconciliation label for its Accurate(TM) Reconciliation solution for transaction matching, reconciliation and exception management.
"For the fifteenth straight year, Fiserv has succeeded in meeting our stringent guidelines to achieve the SWIFT Certified Application Reconciliation label," Filip Versluys, Head of Partner Marketing, SWIFT. "Through repeated certification, Fiserv has demonstrated its continued commitment to providing its clients with the best technology for their reconciliation needs."
The renewed accreditation demonstrates that Accurate Reconciliation from Fiserv meets the rigorous criteria addressing support for the SWIFT 2014 Standards Release messaging standards, services and connectivity requirements, which are re-evaluated on an annual basis to ensure alignment with market changes.
"The 2014 reaccreditation process was an exacting exercise requiring partners to demonstrate support for new SWIFT message types and involving deep examination of the SWIFT Alliance processing of the MTn95 messages," says Tim Grace, senior vice president and general manager, Risk and Compliance Solutions, Fiserv. "We continue to provide our clients with the most up-to-date technology for a seamless end-to-end reconciliation process. Clients benefit from the ability to reduce operational and financial risk while improving the accuracy of reporting in the financial close."
Organizations must work to meet and exceed the strenuous compliance demands of myriad regulations while also assuring the confidence of investors and end-customers. Recent enhancements in the latest version of Accurate Reconciliation offer greater levels of scalability and performance from a new fully 64-bit architecture. Designed to capitalize on the latest server and workstation technology, the 64-bit architecture helps address the ever-increasing reconciliation needs of the largest enterprises.
Fiserv is exhibiting at Sibos 2014 in Boston from 29 September to 2 October 2014 at Stand B09. At the conference, Fiserv will showcase its industry leading solutions for the global financial services market in the areas of mobile and online banking, account processing, trade and post-trade processing, treasury operations, reconciliation and financial control, financial crime risk management, and cash and logistics.
Contributed | what does this mean?