For financial institutions, reconciliation is the process of comparing and matching data such as cash and securities. Exceptions identified and raised as they occur ensure an accurate view of positions, enabling institutions to make more informed funding decisions.
Also, as regulatory controls and risk exposures are increasing, institutions are urged to shorten settlement windows and to deliver greater control and visibility into transactions.
The Corona Reconciliation module, delivered as part of Synergy’s Service Bureau, automates reconciliation, enabling financial institutions to achieve greater transaction management control. Real-time functionality identifies discrepancies at pre-settlement stage rather than post-settlement. It minimizes your operational risk, streamlines operations and drives down costs.
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