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Account reconciliation deals with verification and double-checking of account balances. Accountants have done it for ages and predominantly manually. It is essential for validation of financial statement inputs. The importance of financial reconciliations done right has been growing ...

How cryptocurrency works The famous Bitcoin (and cryptocurrency, for that matter) definition ascribed to John Oliver says: “Everything you don’t understand about money, combined with everything you don’t know about computers.” The prolific rise in interest in the world of ...

Data reconciliation technology follows an evolution path increasingly defined by scalability, reduced human intervention, and connectivity. The main objectives to continually improve speed and efficiency can be met so long as reconciliation solutions are capable of handling large ...

The UK Financial Conduct Authority (the FCA) regulates more than 50 thousand financial institutions (brokers, investment banks, custodians) which hold or control client money and custody assets or are involved in debt management. Each of them must make sure to comply with the FCA ...

Capital markets were among the first to benefit from globalization and trade liberalization. The investment turnover at global scale is mind blowing. Everyone is pursuing greater returns and opportunity to preserve and increase value. However, after the 2008 financial crisis, legislators ...

A special ReconArt feature first published on Bobsguide – the ultimate fintech resource, an innovative online platform that connects the providers of fintech solutions with the financial services professionals who need them. Read the article here as well. The reconciliation processes ...