Fiserv reconciliation tech gets Swift accreditation

Source: Fiserv

Fiserv (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced today that it has been awarded the 2016 SWIFT Certified Application Reconciliation label for its Accurate™ Reconciliation solution for transaction matching, reconciliation and exception management.

The accreditation is re-evaluated on an annual basis to guarantee alignment with market change. This renewal demonstrates that Fiserv continues to meet the stringent criteria addressing support for the SWIFT 2016 Standards Release messaging standards, services and connectivity requirements.

“Fiserv has shown its commitment to offering clients the best technology for their reconciliation needs,” said Filip Versluys, Head of Business Architecture & Partner Framework, SWIFT. “We have a strict set of guidelines for companies to achieve the SWIFT Certified Application Reconciliation label, and Fiserv has proven yet again to be successful in meeting these.”

Organizations must work to meet and exceed the strenuous compliance demands of myriad regulations while also assuring the confidence of investors and customers. Accurate Reconciliation is unique in that it helps Fiserv clients to achieve a seamless end-to-end reconciliation and certification process, giving CFOs a current, precise view of business performance. Users benefit from the ability to reduce operational and financial risk while improving the accuracy of reporting in the financial close.

“Fiserv delivers solutions that make life easier for the people responsible for managing reconciliation operations and finances within an organization,” says Eric Werab, Global Product Line Owner, Financial Control Solutions, Fiserv. “SWIFT certification means that our clients have peace of mind that the Accurate Reconciliation solution they use meets current, stringent industry standards - and that it’s effective and efficient in managing the end-to end reconciliation and certification process.” 

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