Reconciliation

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/markets

Channel Capital automates Asic reconciliation oversight with Fund Recs

Fund Recs today announced that Channel Capital, a multi-boutique global funds management business headquartered in Australia, has selected the Fund Recs Velocity platform to fully automate its ASIC (Australian Securities and Investments Commission) Reconciliation process.

NatWest releases payment APIs for corporate customers

/payments

NatWest releases payment APIs for corporate customers

NatWest has released three new APIs to support corporate, commercial, and institutional customer demand for real time payments and automated reconciliation, including BACs payments.

The Future of Digital Banking in North America 2023

/Reconciliation

The Future of Digital Banking in North America 2023

1154 downloads

Payable raises $6.1m to modernise business payments

/startups

Payable raises $6.1m to modernise business payments

Payable, a payments operations platform for businesses, has raised $6.1 million in a funding round led by CRV and Earlybird.

/payments

SmartStream introduces account control package for shift to ISO 20022

SmartStream, the financial Transaction Lifecycle Management (TLM®) solutions provider, today announces the launch of TLM Aurora Advanced Account Control, enabling clients to be ready for ISO 20022 standards - the new AI-enabled solution will allow customers to manage large, verified data sets, not only for reconciliation purposes, but for downstream systems.

/payments

FBN Bank goes live with Planixs real-time reconciliation module

Planixs, the global leader of real-time treasury technology, has announced today that its customer, FNA Bank (UK) Ltd, has successfully gone live with the company’s Real-Time Reconciliations module, an add-on component of the firm’s Realiti software that will provide the Bank with advanced reconciliation capabilities.

Google fund invests in Dutch fintech Payaut

/payments

Google fund invests in Dutch fintech Payaut

Google's AI-focus venture fund has led an €8 million seed round for Payaut, an automated payment provider for online platforms and marketplaces.

/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.

Stripe to buy payments reconciliation outfit Recko

/payments

Stripe to buy payments reconciliation outfit Recko

Stripe has agreed to buy Recko, an Indian outfit that provides payments reconciliation software for internet businesses. Financial terms were not disclosed.

/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.

EBAday 2021: Payments innovation and the benefits cascading down the waterfall model

/payments

EBAday 2021: Payments innovation and the benefits cascading down the waterfall model

EBAday 2021 has flown by, and the sessions throughout day three of the event served to build on the momentum from day one and two. Another punchy strategic roundtable addressed the need for industry-wide collaboration to drive payments innovation, while two boisterous chatrooms tackled the weighty subjects of Open Banking, CBDCs and stablecoins.

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