Nov. 1, 2012
Fiserv Inc., a provider of financial services technology solutions, has announced that its Accurate Reconciliation solution for transaction matching, reconciliation and exception management has received the SWIFTReady reconciliation label for 2012.
To achieve accreditation, Fiserv had to demonstrate that its Accurate Reconciliation solution meets stringent SWIFT criteria linked to the support of messaging standards, services and connectivity requirements. SWIFT criteria are re-evaluated every year to ensure alignment with market changes.
"Achieving the SWIFTReady accreditation means when our clients choose our solutions, they can have confidence that they have robust financial controls within their organizations to support company operations and improve the accuracy of reporting," said Eric Werab, portfolio director of financial control solutions, risk and compliance at Fiserv.
"As the types of payment channels increase, data sources will continue to grow in both complexity and volume, which is why we work closely with partners such as SWIFT to provide our clients with a seamless solution that reduces cost and mitigates operational risk while improving performance and efficiency."
Complementing the SWIFTReady accreditation, the Accurate Reconciliation solution also introduced support for ISO 20022 XML messages, supporting clients in their integration of SWIFT MX message content and implementation of SEPA compliant controls.
For more on this topic, visit the software research center.