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Mar / 26 / 2015

Introducing ReconArt to a prospective client for the first time is always an exciting experience. No matter whether we are talking to a multi-billion dollar bank considering hundreds of users to accommodate highly complex processes, or a startup looking for a couple of users to handle ...


Feb / 23 / 2015

A detailed knowledge of reconciliation processes in bank and financial institutions (FIs) is a core competency at ReconArt, yet it never ceases to amaze us how every client’s focus is on a different process with a distinct set of challenges. We are fortunate to have worked with a ...

Feb / 9 / 2015

The United Kingdom’s Financial Conduct Authority (FCA) regulation PS14/9 related to custody assets and client money has a backstop for implementation of 1 June 2015. Compliance with the rules in the client assets sourcebook (CASS) has never been more important. There is now considerable ...

Aug / 22 / 2014

When you hear those letters, SEC, what comes to mind? To some it's the call sign of a superhero tasked with protecting the American people from fraud and keeping Wall Street accountable. To others it's a dreaded governmental bureaucracy creating endless paperwork and headaches. So ...

Aug / 14 / 2014

You know there are problems with your current manual reconciliation process. It’s not efficient – there are way too many people ‘ticking and tying’ when they could be doing so much more. It’s open to risk and difficult to report on – unstandardized. Jack notes an exception in one ...

Jul / 30 / 2014

Far reaching new rules introduced by the United Kingdom’s Financial Conduct Authority (FCA) with respect to customers’ monies and assets have been encompassed under policy statement 14/9 (http://www.fca.org.uk/static/documents/policy-statements/ps14-09.pdf). These rules represent ...

Jul / 12 / 2014

It is crucially important that all organizations, which rightly seek financial stability and control, pay careful attention to the need to deploy a robust reconciliation software. The results of failing to do this, with the necessarily high degree of operational detail required, ...

Feb / 6 / 2014

Risk Mitigation Techniques such as Portfolio Reconciliation for uncleared trades must be applied by firms as described in article 13 of the EMIR regulation. Depending your exact business this can be an easy exercise or a real burden. When you are a non-financial counterparty with ...

Aug / 9 / 2012

Evolution of account reconciliation solutions Software solutions dealing with account reconciliation have been around since the 1960s.  Originally developed on mainframes, they were designed to automate the ‘ticking and tying’ of transactions to ensure that they matched. To ...

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