Reconciliations are found throughout the financial services industry. In an increasingly complex world, with stricter regulatory requirements, reconciliations are applied heavily, and contribute significantly to the cost of doing business for financial institutions (FIs).
This paper aims to explore some of the key emerging trends in the world of reconciliations. It looks at how cutting-edge technology, such as blockchain, machine learning, and robotic process automation (RPA), combined with the move to reconciliation managed services, are defining the reconciliation model for the FIs of tomorrow.