follow our blog "Challenges of Reconciliation for Payments Businesses")
In my last blog post, I noted that many organizations are choosing to invest in their system solution portfolios. I outlined some rules to help guide you to a "modern" solution that has a very strong upside into the future. Often these projects are part of a broader program...
Apr / 15 / 2015
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...
Mar / 2 / 2015
There is something of a change afoot. We are on a wave that has many businesses looking to reinvest in their systems and processes. This interest is especially true in relation to reconciliation and financial close software. The drivers are varied, but...
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...
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...
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