Global regulatory requirements and constantly increasing transaction volumes demand greater operational efficiency and risk management. Manually managing reconciliations can create vulnerabilities such as non-compliance, fraud, errors, write-offs and audit risk. Speed, accuracy and transparency are essential to meet the increasingly complex needs that banks have today.

The challenges lie in authenticating the continuously increasing volumes of complex, high velocity data, in real-time. Even when issues are identified, complex exceptions and manual processing amplifies the potential for failures and significant loss incidents.