News

Reconciliation is a problem-solver for banks

March 30, 2006

ePaynews: End-to-end reconciliation technologies, which TowerGroup believes will constitute a market in excess of USD 310 million by 2009, are emerging as the investment industry's problem-solver. In the investment management space, financial institutions and vendors with most experience in reconciliation technology are extending solutions to manage exceptions instead of focusing only on matching, which is now a commodity function. Traditionally, cash and securities reconciliation resided deep in the back offices of investment management firms, but this is now changing.

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