Corona Reconciliation
The Corona Reconciliation module, delivered as part of Synergy’s Service Bureau, automates multi-product reconciliations for financial institutions to drive down your cost per transaction, minimise your operational risk and achieve greater transaction management control.
The feature of automated matching functionality enables financial institutions to achieve the highest possible STP rates and allows you to reduce risk exposure as exceptions can be identified and resolved much sooner.
Corona Reconciliation provides you with a consolidated overview of the following activities:
- Cash Reconciliation
- MT940, 950, 970, 608
- End-of-day and intra-day cash reconciliations
- Supports bank requirements for nostro reconciliation
- Complete transaction management
- Securities Reconciliation
- MT535, 538
- ISO 15022 compliant
- Reconciliation of holding messages
- Confirmations
- MT300
- Control of FX lifecycle for more effectively liquidity management
- Real time matching and management of foreign exchange
- Investigations
- MTx90-99
- Fully integrated exception management
- User defined investigation workflow for exceptions identified during the matching process
- Supplies all relevant information to resolve an exception
Business Benefits
- Increase STP rates
- Manage higher volumes of transactions more effectively
- Ensure the smooth and accurate processing of all trades
- Deliver greater control and visibility into transactions
- Lower operational costs and risk
- Covers all business areas of reconciliation in one single application (service)
- Process daily business faster and with greater accuracy
- Immediate ROI
Also see Compliance Filter