The financial industry is undergoing a fundamental transformation driven by the adoption ISO 20022 – the universal financial industry message scheme - on an international scale. What is ISO 20022? ISO 20022 is an open global standard for...
ARLINGTON, VA – October 28, 2025 – Latino Community Credit Union (LCCU), a community-based financial institution serving over 140,000 members across North Carolina, has selected ReconArt, a...
AI reconciliation is anticipated to change profoundly the way we match transactions and reconcile accounts at period end. Moreover, change is evident in they way get trained in new reconciliation tools and in the approach to learning and retaining process...
Account certification revisits balance sheet accounts at period-end and confirms the balances in a standardized manner. The process underpins accurate and transparent financial reporting. Errors in financial statements can lead to regulatory penalties,...
Managing financial reconciliation across different function and departments can be a challenging process for organizations of any size. Navigating workflows, handling supporting documentation, and integrating data from various sources demands a...
ReconArt stands for balanced and integrity-driven approach to AI to bring real value in its reconciliation solutions without magic promises Since its inception, ReconArt has been at the forefront of new technology research to the benefit of the reconciliation...
Alexandria, VA – September 9, 2024 – ReconArt, a leading provider of financial reconciliation software, is excited to announce the introduction of ReconArt AI Assistant, a new feature designed to revolutionize the way users create and optimize rules...
Financial reconciliation for insurance businesses: navigating complexity with precision Insurance is a multimillion-dollar industry, serving as a critical mechanism for risk mitigation. From health and life insurance to property and casualty coverage,...
Reconciliation software solves a long-standing need for automation of key data matching and financial close processes. As soon as organizations set their mind on implementing such a solution, they contemplate on the requirements and their prioritization....
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