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Enterprise Wide Reconciliation and Settlement System I Recon

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83 views2 pages

Enterprise Wide Reconciliation and Settlement System I Recon

product

Uploaded by

Rahul
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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©

-Recon
Enterprise wide Reconciliation & Settlement System

Designed Reconciliation Ready


with upto 99.9% PA DSS
on AI based for all Payment
intelligent Certified
Technologies Channels
matching

[email protected] | +91 9152 781 613 | +91 8591 911 911


IDBI Intech Ltd., IDBI Bldg., Plot No. 39-41, Sector 11, CBD Belapur, Navi Mumbai 400614. www.idbiintech.com
-Recon
©

Enterprise wide Reconciliation & Settlement System

Reconciliation is an accounting process that uses various sets of records to ensure figures are accurate and in agreement.
Reconciliation is the key process used to determine whether the money leaving an account matches the amount spent,
ensuring the two values are balanced at the end of the recording period.

Reconciliation & Accounting of bank’s payment transactions is always a tedious task. Banks act as issuer and acquirer bank of
various payment channels facilitated by various financial networks such as NPCI, VISA, MasterCard, CashNet, Amex, etc. for
ATM, POS, Ecommerce, interbank, Wallets and Card to Card transactions and digital channels. i-Recon© is designed to meet
the reconciliation and settlement of daily transactions from various sources up to the maximum possibility of matching.

Key Features Business Benefits

Platform independent, Workflow based


with multiple Dashboards Dispute Management

Flexible with compatibility for


In memory processing
customization as per bank

Generates Payment Vouchers,


Supports 3 and 4 way reconciliation
Settlement and Statutory Reports

Efficient and high performance Fees, Interchange, GST, TDS


centralized reconciliation system and expense income calculation
with T+1 TAT

Eliminates risk of manual errors


Built-in FRMS / Analytics
which may result in financial loss

Handling exponential increase


Scalable, highly efficient and
in transaction volumes without
time bound
Dashboard additional cost

The Intech Advantage:


ä Wholly owned subsidiary of IDBI Bank
Ltd. with major focus on Banking and
Financial Sector
ä Satisfied customers from leading Banks
and Financial Institutions
ä 1,200+ Strong Techno-functional experts
ä Domain and Technology experts with
over 15 plus years of experience
ä Development & Knowledge Center in
Navi Mumbai & Pune
ä Offices in Mumbai, Pune, Delhi, Chennai
& Hyderabad

[email protected] | +91 9152 781 613 | +91 8591 911 911


IDBI Intech Ltd., IDBI Bldg., Plot No. 39-41, Sector 11, CBD Belapur, Navi Mumbai 400614. www.idbiintech.com

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