Reconciliation

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/Reconciliation

QNB deploys FSS Smart Recon product

FSS Technologies, a leading global provider of integrated payment products and a payments processor, today, announced a multi-country engagement with QNB, the largest financial institution in the Middle East and Africa, to boost efficiency of its reconciliation operations.

/wholesale

FBN Bank extends remit of Planixs to reconciliations

FBN Bank (UK) Ltd, a long-time customer of treasury software leader, Planixs, is to extend the functionality of Planixs’ real-time cash and liquidity management solution, Realiti, by implementing its Real-Time Reconciliation module to improve reconciliation capabilities.

/payments

Embedded finance company Rupifi raises $25m Series A

Rupifi, India’s 1st Embedded Finance company which operates in the B2B Payments space through its B2B Buy Now Pay Later (BNPL) and SME focused Commercial Card products, has raised a $25M Series-A round led by Bessemer Venture Partners and Tiger Global. Existing Investors Quona Capital and Ankur Capital also participated in this round, along with Better Capital. Founded in 2020 by Anubhav Jain, Ankit Singh and Jawaid Iqbal, this is Rupifi’s second investment round within a span of 9 months, since its Pre-Series A in March 2021.

/wholesale

Xero rolls out bank reconciliation predictions

Xero, the global small business platform, today announced a significant milestone in its AI strategy with the roll-out of new bank reconciliation predictions.

/payments

Account-to-account payments platform Vyne now live with 10 brands

Vyne, the specialist open banking powered account-to-account payments platform, today announces that its payment solution is now live on the checkouts of 10 brands in the THG plc portfolio; namely Myprotein, Glossybox, ESPA, Zavvi, Coggles, mio Skincare, Myvegan, Beauty Expert, Allsole and Pop In A Box. It’s the first step in a wider integration that will see Vyne’s solution offered as a payment method for 25 THG brands in total.

/regulation

SteelEye tackles MiFIR data integrity challenge with automated reconciliation tools

SteelEye, the compliance technology and data analytics firm, has launched an automated Three-Way Reconciliation solution to tackle MiFIR transaction reporting issues.

/payments

Allevo finalises and open sources Whizzer Project for invoice and payments reconciliation

Allevo, with the support of a grant from Iceland, Liechtenstein and Norway through the EEA and Norwegian Financial Mechanisms 2014-2021, in the frame of the Program “SMEs Growth Romania”, successfully finalized the Whizzer project, as per the 2018/115906 contract, on November 29th 2021.

/payments

Standard Chartered taps SAP to support API connectivity for corporate to bank transactions

Standard Chartered has tapped the SAP Multi-Bank Connectivity solution and joined as a member bank, aiming to offer an enhanced experience to corporate clients in meeting their transactional banking needs, simplifying the onboarding process, and delivering both traditional and new banking services in real time.

/markets

Caseis brings machine learning to reconciliation with Cardabel

As a leading European asset servicing group, CACEIS is fully committed to digital transformation.

/startups

Spend and procurement platform PayEm emerges from stealth with $27m in funding

PayEm, the global spend and procurement platform for high-growth and multinational organizations today announces $27M in funding.

/markets

Askrindo Indonesia selects FSS for smarter reconciliation

FSS Technologies Singapore Pte Ltd., a globally leading provider of integrated payment products and a payments processor, today announced Askrindo, a market leader in Indonesia’s general insurance industry, has implemented its Smart Recon solution to modernize and maximize the efficiency of its reconciliation operations.

/markets

Evenlode Investment Management automates position reconciliations with Fund Recs

Fund Recs today announced that Evenlode Investment Management, the UK based Investment Manager, has gone live on Fund Recs Velocity platform to automate position reconciliations.

/payments

Omnio selects AutoRek for reconciliation

Scottish fintech company, AutoRek, a leading software provider to global financial services firms, is proud to announce Omnio as the latest addition to its expanding list of digital banking/payments clients.

/payments

SmartStream launches AI enabled platform for managing complex data

SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) solutions provider today announces the launch of TLM Aurora Universal Data Control - driven by client demand - it is the only solution of its type to match any reconciliations data, from basic to complex matching by enabling AI, machine learning and cloud-native technology.

/people

Clearwater Analytics adds Jacques Aigrain to board

Clearwater Analytics, an industry-leading SaaS solution for automated investment data aggregation, reconciliation, accounting, and reporting, announced today that it has appointed global industry veteran, Mr. Jacques Aigrain, to its Board of Directors.

/wholesale

GTreasury buys Coprocess

GTreasury, a treasury and risk management platform provider, today announced the acquisition of Coprocess, the leading provider of intercompany netting solutions.

/people

Former SmartStream COO Schiebl joins Gresham as group business development director

Dr. Christian Schiebl, formerly Chief Operating Officer of SmartStream and CEO of the Corona reconciliations business, has joined leading global fintech Gresham Technologies plc (Gresham) as Group Business Development Director.

/payments

Novalnet taps Banking Circle for payments setttlement and reconciliation

Novalnet AG, a full-service Payment Provider, is partnering with Banking Circle, for faster and lower cost foreign exchange (FX) and settlement solutions for its 12,000+ customers around the world.

/cloud

FSS adds machine learning and cloud support to reconciliations platform

FSS (Financial Software and Systems) a global payment products provider and processor, has introduced critical increments to its market-leading Smart Recon platform.

/Reconciliation

Murex and Duco team on reconciliation

Duco, the global provider of self-service data integrity and reconciliation services, and Murex, the leading provider in trading, risk and processing solutions for treasury and capital markets, have teamed up to provide clients with a comprehensive data reconciliation solution enabling improved automation and straight-through processing across a range of asset classes.

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