Operations
What is Reconciliation?
Reconciliation is the process of matching a business's payment records against what actually settled at the bank or rail, so every transaction is accounted for. In cross-border flows — with multiple rails, currencies, fees, and FX steps — reconciliation is a major operational cost that structured data (ISO 20022) and orchestration platforms automate.
Breaks (unmatched items) drive manual investigation, delayed close, and cash-position uncertainty. Rich structured remittance data and a single multi-rail ledger are what make automated, near-real-time reconciliation possible across corridors.