FIS launches Optimized Reconciliation Service 21 August 2025US Reporter: Hansa Tote
Image: Timon/stock.adobe.com
FIS has launched its Optimized Reconciliation Service, a fully managed solution designed to automate the end-to-end reconciliation process for banks, corporations, and financial institutions.
The service uses automation technology to unlock efficiency and reduce errors in the reconciliation process, the firm says.
Matt Stauffer, head of back office solutions at FIS, says: “Timely, accurate data — and the insights capital markets participants can extract from it — are essential to modern capital markets firms’ success.
“However, many firms are still struggling to manage the exponential growth of data volume and complexity at a time when evolving regulatory requirements are further complicating manual reconciliation processes.
“With the launch of this solution, we’re helping clients evolve beyond laborious, error-prone systems by providing an efficient solution designed to allow them to run on accurate, fast and trusted reporting data.”
The solution aims to achieve at least 98 per cent automated matching rates backed by financial service level agreements (SLAs), and is designed to cut down on the average time spent on discrepancy resolution.
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Image: Timon/stock.adobe.com 