Fragmented Data and Rising Volumes are Driving Greater Risk
Financial institutions must reconcile and match their complex, high‑volume transactions amidst a changing landscape. Multiple counterparties, custodians and asset classes make for highly fragmented data across various platforms. Plus, as industry initiatives like ISO 20022 and G20 programmes drive better cross‑border payments, the need for effective reconciliation is more critical than ever..
Identify and resolve transaction discrepancies faster and more accurately with a powerful, enterprise wide solution.
Bottomline’s Solution for Cross-Asset Reconciliation
Perform all reconciliation tasks in one unified platform that integrates with your existing systems. You’ll be able to match transactions accurately and quickly, with full visibility across every transaction, business line and instrument – from payments and securities to cash and more.
Automate and simplify the entire reconciliation lifecycle by:
- Reconciling transactions across all business lines, market instruments or data sources.
- Centralising investigations so you can collaborate on claims in one place.
- Resolving exceptions faster through concrete actions, including posting and booking entries directly into downstream business applications.
Cover Every Reconciliation Need
- Cash: Statements, intra‑day, interest calculations, cash position monitoring
- Payments: Across multiple networks
- FX & Money Markets: Including interest swaps
- Securities: Holdings, transactions, trades
- Precious Metals / Commodities: Trading, settlement, custody, and financing
- Generic Matching: Funds, OTC & Derivative transactions, front‑to‑back office, ATM transactions, and more
Start matching quickly with minimal effort using out-of-the-box, pre-configured rules. Then easily build and customise your own rules, giving you greater control over exceptions and investigations.
Do More than Match Transactions:
- Investigate and resolve exceptions end‑to‑end, using collaborative escalation and claims workflows across internal teams and counterparties.
- Apply CSDR‑related controls, including automated penalty monitoring and prevention.
- Retain long‑term access to matched and reconciled data to support audit, investigation, and regulatory requirements.
- Integrate seamlessly with existing environments, normalising data from diverse sources without adding integration complexity.
Matching That Delivers Real Outcomes
- Drive Efficiency & Reduce Operational Cost: Streamlined workflows shorten investigation
- time, accelerate decisions, and improve operational visibility.
- Reduce Operational Risk & Strengthen Data Integrity: Keep records aligned and result reliable.
- Meet Escalating Regulatory Expectations: Maintain continuous compliance through early,
- efficient exception resolution..
- Enhance Fraud Detection and Surface Risk Proactively: Efficient matching can complement Bottomline’s Sanctions Screening (detecting sanctioned entities) and Payments Fraud Defense (detecting suspicious behaviour), letting you identify even more anomalies and inconsistencies that may indicate fraud.
Gain real‑time visibility into unsettled and pending items by counterparty, currency, or business line. You’ll be able to aggregate risk, prioritise based on threshold, and proactively manage risk through dashboards and escalation workflows.
