- Home
Solutions- Collateral Reconciliation
- Products
- Algo Reconciliation
Algo Reconciliation
Algo Reconciliation uses a sophisticated algorithm to automatically propose matches for a large proportion of an institution's portfolio - up to 50,000 transactions can be reconciled in approximately 20 seconds. The results are organized and sorted by matches that identify where the largest mark-to-market difference lies. These matches can all be saved and used in subsequent reconciliations, which improves access to accurate, up-to-date information across the enterprise.
Algo Reconciliation offers business value to both management and operations. Senior management can rely on regular reconciliations to support risk-informed decision making in the event of market fluctuations. IT departments benefit from the solution's service-oriented architecture (SOA), which ensures the application's compatibility with in-house systems and third-party vendors.
Algo Reconciliation can be extended with two additional modules:
- Dispute Management (DM) module
- Management Information (MI) Disputes dashboard module
The Dispute Management (DM) module enables users to manage their reconciliation process using a flexible workflow that helps users resolve issues such as the correction of mis-booked transactions, the investigation of mark-to-market differences and tracing ownership of tasks through to closure. All issues can be passed to other internal or external clients for investigation/correction while being tracked within the workflow.
The MI Disputes dashboard module collates information about the different root causes and statistics related to reconciliations and resolutions, to enable effective management of the dispute process. Managers can perform current and historical analysis to compare reconciliation results over time. The ability to identify departments associated with the majority of disputes should also help improve internal processes.
Related Downloads
Featured Case Study
Ready to Comply
Credit Suisse First Boston benefits from a proactive approach to regulatory compliance.