Reconciliation, Cloud and AI: Streamlining Reconciliations in a T+1 world
Finextra
MAY 7, 2024
Watch this webinar on handling straightforward and complex reconciliation with AI-based self-build capabilities on the cloud.
Reconciliation Related Topics 
Automating Bank Reconciliations: Ascent Aviation’s Success with FloQast
FloQast
MAY 15, 2024
The month-end Close process suffered from recurring errors, a lack of accountability, and time-consuming reconciliations across numerous bank and general ledger (GL) accounts. Automated reconciliations for bank accounts, credit cards, intercompany transactions, and more not only saved time but also ensured accuracy and compliance.
Streamlining Reconciliation Management: Navigating Challenges and Embracing Automation
FloQast
MARCH 13, 2024
In the world of accounting, the reconciliation process stands as a critical linchpin, ensuring the accuracy and integrity of financial data. As companies navigate complex financial landscapes, the need for streamlined reconciliation processes has never been more pronounced.
Revolutionizing Recs: Inside the Exciting New Updates to FloQast Reconciliation Management
FloQast
MARCH 27, 2024
This is, of course, precisely why reconciliations are so core to the accounting function. A few weeks ago, we looked at the specific challenges surrounding the reconciliation process. Reconciliations Then vs. Now If you haven’t had a chance to take a look at last week’s post, I’ll do you a solid. Let’s take a look.
How FloQast AI Transaction Matching Simplifies Reconciliation for Modern Accountants
FloQast
NOVEMBER 20, 2024
Efficient account reconciliations is a cornerstone of modern accounting practices, demanding precision and speed to keep pace with today’s financial landscape. The Challenges Financial Complexity: Managing transactions across various platforms can lead to inconsistencies, making reconciliation a complex task.
To meet customer expectations, PSPs must prioritise end-to-end reconciliations
The Payments Association
MARCH 26, 2024
PSPs must enhance their end-to-end reconciliations to deliver seamless, efficient payment services and stay competitive in the rapidly evolving fintech landscape Read more
Cardaq Selects Compliance Solution From Kani Payments to Automate Financial Reconciliations
The Fintech Times
OCTOBER 1, 2024
Cardaq , a card issuing and acquiring specialist serving low and medium-risk businesses, has selected a solution from Kani Payments , the global data reconciliation and reporting platform, to support its regulatory and compliance reporting, as well as other payment functions.
Bank Reconciliation Automation: FAQs, Benefits, and Tools
Paystand
AUGUST 23, 2024
Table of Contents Is automatic reconciliation possible? What is automatic reconciliation? Can you automate bank reconciliation? Bank reconciliation automation tools How is auto bank reconciliation better than manual? What are the drawbacks of automated reconciliation software?
Capgemini Selected to Make AutoRek Reconciliation Services More Efficient
The Fintech Times
SEPTEMBER 18, 2024
AutoRek , the Glasgow-based reconciliation and financial data management platform, has partnered with Capgemini , the consulting and digital transformation firm, to ensure it remains ahead of reporting requirements for clients as well as complying with regulatory changes. They are efficiently optimising their working capital with confidence.
Clowd9 selects Kani Payments for data reporting and reconciliation
Finextra
JUNE 11, 2024
Kani Payments, the disruptive global data reconciliation and reporting platform, has been selected by breakthrough cloud-native issuer processor CLOWD9 as its global partner to power its data reporting and reconciliation capabilities.
Simplifying Financial Processes with Automated Bank Reconciliations
FloQast
OCTOBER 21, 2024
With lines upon lines of figures and the potential for human error looming overhead, manual bank reconciliation can quickly become a massive headache. There sure is: Automated bank reconciliation. Automating your reconciliations both limits the possibility of errors and significantly cuts the time and effort needed.
Moneybox turns to Aurum Solutions to automate reconciliations
Finextra
SEPTEMBER 4, 2024
Moneybox, the award-winning savings and investment platform, has chosen next-generation reconciliation software specialists, Aurum Solutions, to automate its reconciliations.
Global Data Reporting Pioneer Kani Payments Gets Ready for ISO 20022
Fintech Finance
SEPTEMBER 17, 2024
Kani Payments , the disruptive global data reconciliation and reporting pioneer, today announces it is ready to support the ISO 20022 global messaging standard ahead of the November 2025 implementation date. The move comes as part of its offering to simplify reconciliation and enhance data standardisation for its global payments client base.
ISO 20022 
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Digital asset trust company Tetra chooses Ledgible for reconciliation processes
Finextra
OCTOBER 3, 2024
Recognizing this need, Tetra Trust, Canada’s first and only qualified custodian for digital assets, has turned to Ledgible, a leading digital asset tax and accounting platform, to further enhance their digital asset reconciliation processes.
To meet customer expectations, PSPs must prioritise end-to-end reconciliations
The Payments Association
FEBRUARY 14, 2024
The payments sector’s success and growth over the past decade can largely be attributed to firms’ ability to meet and exceed customer’s expectations. Unlike established banks, fintechs are largely free from the legacy tech stacks that slow down banks from modernising.
Mastercard Launches Mobile App for Adding Virtual Cards to Digital Wallets
Fintech News
APRIL 21, 2024
The mobile virtual card app draws on Mastercard’s decade-long expertise in virtual card solutions that streamline the expense reporting and reconciliation process. The app also offers real-time data capture and transaction matching to assist in financial reconciliation and provide insights into spending patterns.
Visa 114
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Blink Payment Enters B2B Fashion Payments with Zedonk Partnership
Fintech Finance
NOVEMBER 13, 2024
Bank transfer also typically results in a cumbersome manual payment reconciliation process for brands: according to PwC, on average 30% of a finance team’s time is spent on manual reconciliation, with error rates between 0.8%
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Brex and Navan Partner to Launch Next-Generation Travel Management and Card Solution for Enterprises
Fintech Finance
OCTOBER 15, 2024
These challenges include delays in travel bookings caused by local payment inefficiencies, time-consuming travel expense reporting and reconciliation, plus painful traveler experiences that lead to avoidable admin work. 100% reconciliation.
Why Hedge Fund Admin Software is Crucial to Your Back Office
Fintech Review
JUNE 18, 2024
However, what is often overlooked or regarded with disdain is the amount of compliance and account reconciliations needed in back-office operations. Advanced software and innovative tools make back-office tasks like compliance checks and account reconciliations more efficient and accurate. Avoid costly errors and regularly lapses.
Nuvei Teams up With Microsoft to Streamline Payments for SMEs
Fintech News
JANUARY 30, 2024
The integration focuses on simplifying accounting workflows, enhancing back-office reconciliation, and improving the efficiency of finance departments in sectors like manufacturing, distribution, wholesale, and construction. into their existing Dynamics 365 Business Central module.
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SmartStream’s Advanced Payment Control Now Supports Multiple Payment Rails With Enhanced Exceptions Management
Fintech Finance
JUNE 26, 2024
Often, banks’ technical infrastructures struggle to manage these complexities efficiently, leading to inefficient reconciliations, failed investigations, and customer dissatisfaction. We are continuously working with our clients to make sure they meet local standards and regulatory requirements”.
Finmont Partners with Leading Payment Platform, ConnexPay
Fintech Finance
FEBRUARY 8, 2024
Purpose-built for the travel industry, ConnexPay’s unified payments solution aligns incoming customer payments with outgoing supplier payments, all in real time, with one contract and one reconciliation.
Reconciliation 105
105 
Building on a Strong Foundation: How FloQast Compliance Management Supports A.K.A. Brands’ Compliance Function
FloQast
FEBRUARY 14, 2024
“No more lengthy email chains or manual reconciliations. ” Moreover, FloQast’s automated reconciliation feature significantly simplified a.k.a ” Moreover, FloQast’s automated reconciliation feature significantly simplified a.k.a Brands’ accounting operations. .”
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Three Years On, Open Banking Broadens For Business Banking
PYMNTS
JANUARY 26, 2021
Doing so, the bank noted, will streamline and enhance a range of payment-related workflows, including sanctions screening, anti-money laundering (AML) checks, reporting and reconciliation. HashCash Brings Blockchain Tech To Unnamed Bank. to bring its blockchain-powered corporate trade financing technology into the entity.
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Dojo Signs New Agreement with American Express to Simplify Payment Processes for Small Businesses
Fintech Finance
DECEMBER 5, 2024
The strategic agreement will help Dojo’s small business customers accept American Express payments seamlessly with one unified contract, which offers a smoother experience featuring a consolidated statement for transaction reconciliation, a unified settlement process, a streamlined onboarding journey, and a single point of contact for servicing.
AI at the Core: Introducing the FloQast Accounting Transformation Platform
FloQast
SEPTEMBER 25, 2024
Automated Reconciliations : End-to-end automation for predictable reconciliations (Subledgers, Amortization, Depreciation). AI Transaction Matching : Leverage AI to draft customized rules, automating high-volume account reconciliations (Bank, Credit Cards, Intercompany).
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Blink Payment Partners With Business Pilot to Tackle Installer Industry Late Payments
Fintech Finance
DECEMBER 12, 2024
Bank transfer also typically results in a cumbersome manual payment reconciliation process: according to PwC, on average, 30% of a finance teams time is spent on manual reconciliation, with error rates between 0.8%
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Spain’s Embat, which has raised $16M, plans to compete with Trovata in real-time accounting
TechCrunch Fintech
FEBRUARY 27, 2024
For obvious reasons, financial teams can spend a great deal of time on corporate treasury management, accounting and bank reconciliation, so anything that speeds up that process usually garners a lot of interest.
FloQast Continues to Lead in G2’s Summer 2024 Grid Report
FloQast
JULY 9, 2024
We have great visibility into when tasks and reconciliations are occurring, who is doing them, and where the bottlenecks are. The ability for FloQast to systematically ensure that the Excel reconciliations agree to our ERP and remain in balance has been a game changer for reviewers.
Continuity 91
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Modern Modernisation
The Payments Association
JUNE 25, 2024
The drive for ISO 20022 and the instant everything push is putting more and more pressure on legacy core and ancillary systems such as fraud, reconciliation & investigations by not only introducing larger, richer data sets (that will bring key customer insights for hyper-personalisation more on this another time) but increasing volume which in (..)
ISO 20022 88
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AFS and PayTic Forge Strategic Partnership to Enhance Card Program Management
Fintech Finance
NOVEMBER 26, 2024
Their modules include chargeback management, scheme and custom data reconciliation, scheme fee optimization, and regulatory reporting, all working in tandem to streamline operations for greater efficiency and scalability.
Ottu Announces Strategic Partnership With Keyloop To Revolutionize Automotive Dealers Digital Payments
Fintech Finance
NOVEMBER 7, 2024
This integration addresses a pressing need for easy end-to-end reconciliation and simplifying the payment transaction process for all parties involved. This solution offers automotive retailers multiple payment integration points, including e-commerce, mobile applications, DMS, and payment links, ensuring streamlined reconciliation.
Moving The Business Payments Focus From Price To Process
PYMNTS
OCTOBER 5, 2020
Comdata, she said, has mimicked the flow from claims to invoice to payment to reconciliation. “The shift I have seen there,” she told PYMNTS of healthcare firms, “that was most effective is providers [the vendors] had their way of going through the process either from an [accounts payable] or [accounts receivable] perspective.”.
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AI and AR – Top trends now or coming soon
Payments Next
SEPTEMBER 25, 2023
By Doug Hathaway, VP of Engineering, Versapay Over three-quarters – 77% – of CFOs reported being behind on invoice-to-cash reconciliation, according to The post AI and AR – Top trends now or coming soon first appeared on Payments NEXT.
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HSBC Launches New Cross-Border Virtual Account Solution for Banks
Fintech Finance
OCTOBER 22, 2024
The new virtual account, exclusively held by HSBC, provides each business with a dedicated account number, which enables the domestic bank to identify the corresponding merchant for each payment and carry out reconciliation seamlessly, so the merchant can receive their funds much more quickly.
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Ebury Partners With Salt Edge to Expand Its Open Banking Presence in the EU & UK
Fintech Finance
SEPTEMBER 12, 2024
This integration will offer Ebury account holders immediate access, in a compliant manner, to the vast network of accounting, Enterprise Resource Planning (ERP), and Treasury Management platforms using Salt Edge services for automated reconciliation.
Here are Key Details on NETS’ Islandwide Rollout of SGQR+
Fintech News
NOVEMBER 6, 2024
This approach streamlines operations, simplifies reconciliation, and ensures seamless consumer transactions. They cited increased efficiency (69%), ease of signing up for multiple schemes (58%), and simplified reconciliation (34%) as key benefits. NETS aims to grow acceptance points by 10% annually.
Interoperability 109
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SmartStream Implements SaaS Solution at AYA Bank, to Tackle Transaction Volume Surge
The Fintech Times
MAY 8, 2024
SmartStream , the financial transaction lifecycle management (TLM) solution provider, has implemented its TLM reconciliations premium digital payments control solution at AYA Bank , a Myanmar-based banking institution. “In doing so, we not only achieved the expected results but also cultivated a strong, trust-based partnership.
Volume 72
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Singapore Fintech Fluid Founded by Former Atome Exec Trasy Walsh Raises US$5.2M
Fintech News
FEBRUARY 27, 2024
The platform offers instant credit assessments, automated reconciliation, and secure payment options without the risk. Fluid aims to enable suppliers to offer credit terms to buyers while providing the latter with financing options for their purchases.
FinTech 110
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Total Grassroots and Kelme Partner With GoCardless to Offer Stress-Free Payments and New Kits to Grassroots Football Clubs
Fintech Finance
NOVEMBER 28, 2024
Its enhanced Direct Debit capabilities give club treasurers and secretaries greater visibility and control over their payments through an easy-to-use online platform, in addition to automatic payment collection and reconciliation.
Salesforce Rolls Out Revenue Cloud To Simplify B2B Functions
PYMNTS
NOVEMBER 12, 2020
Revenue Cloud will also work to improve revenue efficiency via automation, including relieving the burden of teams working with manual processes for approvals, data reconciliation and order transcriptions between numerous systems.
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Kani Wins ‘Payments Compliance Technology of the Year’ at 2024 Payments Awards
Fintech Finance
NOVEMBER 19, 2024
Kani Payments , the disruptive global data reconciliation and reporting platform, has been crowned Payments Compliance Technology of the Year at the Payments Awards 2024 for its innovative QMR and GOC reporting solution.
Compliance 98
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Mastercard and Visa Are Partnering With the Swedish Fintech Company Findity to Streamline Business Expenses
Fintech Finance
OCTOBER 15, 2024
Findity’s integration with the world’s leading card schemes, Mastercard and Visa, enables users to seamlessly connect their preferred payment methods for easy reconciliation and efficient business expense reporting.
Visa 98
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Kani Payments Teams up with Core Banking Platform Pismo
Finovate
FEBRUARY 21, 2024
Reconciliation and reporting platform Kani Payments has forged a strategic partnership with core banking platform Pismo. based reconciliation and reporting platform Kani has forged a strategic partnership with Pismo, an issuer processor and core banking platform headquartered in Brazil.
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