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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...
Feb / 23 / 2015
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...
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...
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...
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...
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...
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...
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...
Jun / 18 / 2012
Capital markets firms have been reconciling data for as long as any of us can remember. However, unlike the situation in some other industries, true enterprise-wide reconciliation practices housed in one repository have eluded the industry for years. ...
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