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Reconciliation Software Providers

Delivered January 6, 2020. Contributor: Sunali T.

Goals

To identify examples of reconciliation software solutions provided by highly appraised tech companies serving global financial institutions. The software should have the following features: Cloud-based/SaaS, superior user experience, saves time, production support/system stability, less dependency on IT support, intuitive data recognition and transformation, machine learning functionality, customizable exception and risk management workflow solution, and data analytics.

Early Findings

AI ENABLED RECONCILIATION SOFTWARE- EZOPS

  • Key features:
- According to the official website of EZOPS, its reconciliation software offers data anomaly detection and predictive analytics, intelligent process automation, reconciliations, and also reports and dashboards.
- The software can be deployed on-premises or cloud.
- It integrates "siloed data and processes across the enterprise for cohesive exception management processing."
- It uses a self-learning algorithm to detect data anomalies in real-time before it affects downstream processes.
- According to an article by PR Newswire, EZOPS, a provider of AI-based software for financial institutions, was selected among a large pool of applicants to be among the 20 global fintech start-ups to exhibit in the 2019 FIA Innovators Pavilion at the 35th annual FIA Expo.
  •  Website: https://www.ezops.com/reconciliations/
  •  LinkedIn profile: https://www.linkedin.com/company/ezopsinc/
  • Clients:
- While the official website has provided a case study relating to a user (a top tier global bank) of its reconciliation product, client names have not been disclosed.
- PR Newswire has reported that EZOPS's clients include "some of the world's largest banks, asset managers and fund administrators."

Research proposal:

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