Blog
BLOG
From industry insights and best practices to the latest technologies, compliance standards, and ReconArt platform updates, we bring it all to you – short and informative
The stablecoin remittance is appealing in its simplicity. Instead of routing a payment through a chain of correspondent banks across multiple time zones, a money transfer operator (MTO) mints digital...
The FCA’s Policy Statement PS25/12 represents a material evolution in how safeguarding is expected to operate for UK payment institutions (PIs), e money institutions (EMIs), small e-money institutions and Credit unions, issuing...
Walking through PAY360 this year, what stands out is not novelty, but consolidation. This is no longer an industry excited about possibility alone. Instead, the conversations – on stage and...
The ability to cut reconciliation time from 40 hours to just four is not hypothetical any more. Credit unions are using AI‑enhanced automation to strengthen NCUA compliance while improving member...
What is fuzzy matching and how does it work? Fuzzy matching algorithms work by comparing strings of characters and determining their similarity. The acceptable deviation from a perfect match is...
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?...
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 market-leading reconciliation and financial close management...
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...
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...
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...
