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Finastra Fusion Transaction Reconciliation from Finastra
Multi-asset reconciliation platform that aggregates, matches, and manages exceptions across a variety of asset classes to support brokerage, custody, and transfer agency operations.
Product analysis by function
Reconciliation Software for Operations
Tools that automatically match and reconcile transactions across multiple systems, identify discrepancies, and facilitate resolution processes.
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Data Integration & Connectivity
(9 Yes /9 Known /10 Possible features)
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Multi-source Integration Supports data import/export from multiple sources such as custodians, exchanges, clearing houses, and internal systems. |
Marketing references integration to multiple sources, including custodians and internal systems. | |
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Real-time Data Sync Ability to synchronize data between the system and sources in real-time. |
Product specifies real-time visibility and reconciliation, implying real-time sync. | |
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API Connectivity Supports connections via APIs for automated data transfer. |
Documentation highlights API connectivity for automation. | |
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File Upload Support Supports manual data import through files (e.g., CSV, Excel). |
Product includes manual file upload support (CSV, Excel and others are standard). | |
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Data Format Support Number of different supported data/formats (e.g., SWIFT, FIX, XML, CSV). |
No information available | |
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Automatic Data Validation Automatically validates imported data for completeness and correctness. |
Promotes automatic validation of incoming data to minimize errors. | |
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Scheduled Imports Ability to schedule recurring data imports at defined intervals. |
Recurrence/scheduling of imports is promoted as a feature. | |
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Cloud/Data Lake Integration Supports integration with cloud storage or data lake platforms. |
Finastra ecosystem products integrate with cloud and data lake; referenced in supporting documentation. | |
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Error Handling and Logging Tracks and logs data import/export errors for audit and troubleshooting. |
Exception/error tracking and logging are core audit capabilities. | |
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Historical Data Archiving Ability to import and reconcile historical data over long periods. |
Supports loading, matching, and archiving historical transaction data. |
Matching Engine & Rules
(9 Yes /9 Known /10 Possible features)
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Configurable Matching Rules Allows users to define and customize rules for matching transactions. |
Allows configuration of matching rules, per site documentation. | |
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Multi-level Matching Supports single- and multi-stage (e.g. 1-way, 2-way, 3-way) reconciliation. |
Supports 1-way, 2-way, 3-way matching (multi-stage reconciliation). | |
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Tolerance Handling Handles tolerance thresholds for amounts, dates, and quantitative fields. |
Tolerance settings are mentioned for cash, securities, date, and amount. | |
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Automated Suggestion Engine Automatically suggests matches based on machine learning or heuristics. |
Leverages automated and intelligent suggestion engine (machine learning/heuristics suggested in solution sheet). | |
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Manual Matching Support Enables manual intervention and adjustment of matches by users. |
Manual matching and user intervention capabilities are standard in the UI descriptions. | |
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Matching Speed Speed with which the system processes and matches records. |
No information available | |
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Partial Match Identification Ability to identify and flag partial matches for user review. |
The solution flags and allows investigation of partial matches. | |
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Exception Grouping Groups related exceptions to assist with bulk resolution. |
Bulk exception management and exception grouping are both described. | |
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User-defined Matching Fields Users can specify which fields to use in matching logic. |
User-defined matching fields are described (custom fields, mapping options). | |
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Re-match Functionality Ability to re-run matching logic after rule or data changes. |
Re-match/re-process after changes to data or rules is supported. |
Exception Management
(9 Yes /9 Known /10 Possible features)
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Exception Dashboard Interactive dashboard summarizing open breaks and exceptions. |
Exception dashboards/summary overviews are central to the UI. | |
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Exception Root Cause Analysis Provides built-in analytics/tools for root cause analysis. |
Root cause analysis tools are promoted for exception investigation. | |
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Auto-assignment of Cases Automatically assigns exceptions to designated users or teams. |
Task/case auto-assignment to teams and users supported by workflow. | |
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Priority Tagging Tag exceptions with custom priority levels. |
Priority tagging for workflows cited for exception management. | |
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Resolution Workflow Built-in workflow for exception investigation and resolution. |
Workflow/investigation for exception resolution present. | |
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Resolution Time Tracking Measures time taken to resolve each exception. |
No information available | |
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Bulk Exception Management Supports bulk status update, assignment, and resolution. |
Bulk update, resolution, and assignment for exceptions is a core UI feature. | |
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Root Cause Coding Allows users to code breaks with root cause for later reporting. |
Root cause coding/tagging supported for reporting and analytics. | |
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Audit Log of Actions Maintains a detailed, immutable audit trail of exception handling steps. |
System maintains complete, immutable audit logs (per compliance requirements). | |
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User-defined Exception Categories Customize exception categories for organization-specific workflows. |
Custom exception categories configurable in the application. |
Workflow & Automation
(9 Yes /9 Known /10 Possible features)
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Customizable Workflow Engine Allows configuration of multi-step workflows for reconciliation and resolution processes. |
Workflow engine is highly configurable and supports multi-step processes. | |
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Automated Notifications Automatically sends notifications via email, SMS, or in-app. |
Automated notifications, including email and in-app, are listed in product sheet. | |
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Role-based Task Assignment Assigns tasks based on user roles and permissions. |
Role-based task assignment and user management present in user administration guides. | |
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Escalation Procedures Automates escalation of unresolved issues after defined periods. |
Escalation rules can be created for unresolved issues. | |
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SLA Tracking Monitors and measures adherence to Service Level Agreements. |
SLA monitoring and alerts are built-in for operational workflow management. | |
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Workflow Templates Pre-configured templates for common reconciliation workflows. |
Workflow templates are included for common operational scenarios. | |
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Number of Concurrent Workflows Maximum number of active workflows supported simultaneously. |
No information available | |
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Automated Issue Resolution Automatically applies predefined rules to resolve specific exceptions. |
Automatic resolution of low-risk or defined-exception types. | |
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User Approval Flows Supports multi-level user approvals within workflows. |
Multi-level user approval flows included in workflow configuration. | |
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Integration with External BPM Tools Can be linked with external business process management systems. |
External BPM tools can be integrated (Finastra's open platform). |
Reporting & Analytics
(10 Yes /10 Known /10 Possible features)
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Standard Reports Library Comes with a set of standardized, out-of-the-box operational reports. |
Standard operational and exception reports are available out-of-the-box. | |
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Custom Report Builder Allows users to construct custom reports and analytics. |
Custom report designer/builder described in product. | |
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Scheduled Report Delivery Ability to automatically send reports on a schedule. |
Reports can be scheduled for automatic generation and delivery. | |
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Interactive Dashboards Provides visual, interactive dashboards with real-time metrics. |
Interactive dashboarding (real-time, customizable) is a core selling point. | |
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KPI Monitoring Monitors key performance indicators such as breaks, resolution times, and volumes. |
KPI/metrics monitoring (including exceptions, times, resolution) is embedded. | |
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Data Export Options Export reports and analytics in multiple formats (PDF, Excel, CSV, etc). |
Multiple export formats are available (Excel, CSV, PDF). | |
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Ad-hoc Querying Users can run ad-hoc database queries for reporting. |
Product allows users to run ad-hoc or custom queries. | |
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Real-time Analytics Analytics and visualizations update in real-time with underlying data. |
Dashboards/analytics update in real-time based on underlying data. | |
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Exception Trend Analysis Analyzes exception occurrence over different dimensions (e.g., time, counterparty). |
Trend and pattern analysis for exceptions and breaks is available. | |
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Drilldown Capabilities Drill down from summary statistics into granular transaction-level details. |
Users can drill down through KPIs to transaction-level details. |
Security & Compliance
(8 Yes /8 Known /10 Possible features)
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Role-Based Access Control (RBAC) Defines permissions based on user roles within the organization. |
Role-based permissions (RBAC) are a standard security feature. | |
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Data Encryption Encrypts data both at-rest and in-transit. |
Finastra platforms use encryption at rest and in transit. | |
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Audit Trail Comprehensive audit logs to meet regulatory requirements. |
Product includes comprehensive audit trails and logging. | |
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Multi-factor Authentication (MFA) Supports additional authentication factors for login security. |
Multi-factor authentication supported on cloud and enterprise versions. | |
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Regulatory Reporting Support Helps generate mandatory compliance and regulatory reports (e.g., MiFID II, 17a-4). |
Regulatory report generation for common financial regs referenced in collateral. | |
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Data Retention Controls Customizable data retention and deletion policies. |
Data retention policies are configurable for compliance. | |
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Secure User Provisioning Controls for onboarding, offboarding, and user access reviews. |
User onboarding/offboarding is part of security and administration. | |
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Data Masking Masks sensitive information based on user or role. |
Sensitive data masking can be configured by role/user. | |
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Compliance Certifications Number of current, supported, recognized compliance certifications. |
No information available | |
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Intrusion Detection Integration Integrates with internal/external security monitoring solutions. |
No information available |
Performance & Scalability
(4 Yes /4 Known /10 Possible features)
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Maximum Transaction Volume Maximum supported daily transaction volume. |
No information available | |
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Peak Processing Throughput Maximum number of records matched per second under load. |
No information available | |
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Concurrent User Sessions Supports multiple users working simultaneously. |
No information available | |
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Response Time Average end-user response time for normal operations. |
No information available | |
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Scalable Infrastructure Easily scales to handle growth in users, data, and transaction volume. |
Cloud and enterprise infrastructure designed for scale. | |
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Batch Processing Support Can efficiently process large data batches in off-peak hours. |
Batch processing is supported for large data sets overnight. | |
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High Availability System architecture supports redundancy and fail-over. |
High availability is a standard, with failover systems available. | |
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Disaster Recovery (RTO/RPO) System achieves recovery time objective (RTO) and recovery point objective (RPO). |
No information available | |
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Auto-scaling Capabilities Automatically scales resources up or down based on load. |
Auto-scaling on cloud deployments described (on Azure, AWS). | |
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Real-time Performance Monitoring Continuous system health/performance tracking and alarms. |
No information available |
User Experience & Interface
(8 Yes /9 Known /10 Possible features)
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Customizable Dashboards Users can personalize dashboards to display information of interest. |
Dashboards are configurable and personalizable. | |
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Multi-language Support Application is available in multiple languages. |
Not as far as we are aware.* No mention in product literature of multi-language user interface. | |
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Mobile Access Accessible on mobile devices (native or responsive web). |
Mobile-optimized web access and responsive UI are supported. | |
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Accessibility Compliance Meets standards for accessibility (e.g., WCAG 2.1). |
No information available | |
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Contextual Help Integrated help, guides, or tooltips available in-app. |
Built-in in-app help and guided tooltips in UI. | |
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Advanced Search Powerful, granular search across transactions and exceptions. |
Advanced search/filtering capabilities described and shown in UI screenshots. | |
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Saved Views and Filters Users can save and re-use custom data views and filters. |
Saved filters and dashboard views are supported per user. | |
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Bulk Actions Supports bulk update, approval, or export of transactions/exceptions. |
Bulk actions such as update, export, approval can be performed. | |
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User Preference Management Users can manage notification settings, themes, and other preferences. |
Users adjust notification and preference settings within the product. | |
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In-app Feedback and Support Ability to submit feedback, report issues, or request support directly from the interface. |
Users can submit feedback and support requests in-app. |
Audit & Controls
(8 Yes /8 Known /10 Possible features)
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Immutable Audit Trail All user actions are tracked and cannot be altered retroactively. |
Compliance requires immutable audit trails; explicitly mentioned in documentation. | |
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Time-stamped Activity Logs Every action is time-stamped for traceability. |
All actions are time-stamped for audit and compliance. | |
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User Action Replay Ability to replay sequences of user actions for detailed investigation. |
No information available | |
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Periodic Certification Checks Supports regular review and sign-off of reconciliations or exceptions. |
No information available | |
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Change Management Logs Tracks any changes to data, configuration, or user roles. |
Change management/audit logs are standard for compliance. | |
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Data Integrity Monitoring Continuously monitors and alerts for data corruption or loss. |
Data integrity monitoring and alerts referenced as part of risk capabilities. | |
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Reporting of Audit Events Generates reports specifically on audit and control events. |
Audit event reporting included for compliance teams. | |
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SOX/ISAE 3402 Support Provides controls to support Sarbanes-Oxley or ISAE 3402 compliance. |
Supports SOX and related financial controls for reconciliation. | |
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Automated Exception Closure Controls Prevents unauthorized closure of reconciliation breaks. |
Controls for restriction/prevention of unauthorized exception closure. | |
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Retention of Evidence Enforces retention of evidence and supporting documentation for defined periods. |
Retention of supporting evidence configured by period, as per compliance documentation. |
Integration & Extensibility
(6 Yes /6 Known /10 Possible features)
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Open API Support APIs available for downstream/upstream integration (REST, SOAP, etc.). |
API availability and OpenAPI standards described in developer resources. | |
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Plugin/Extension Framework Supports plug-ins/extensions for feature augmentations. |
Extension/plugin framework discussed for third-party integrations. | |
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Custom Scripting Allows custom scripts (e.g., Python, JavaScript) for bespoke automation. |
No information available | |
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Third-party Integration Catalog Library of pre-built integrations with popular financial apps and services. |
Integrates with prominent financial and market data providers, with catalog available. | |
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Single Sign-On (SSO) Supports federated SSO via SAML, OAuth, etc. |
SSO via SAML/OAuth is supported as part of enterprise deployment. | |
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Event/Message Bus Integration Integrates with event bus/kafka for real-time event propagation. |
No information available | |
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Webhooks Supports outbound webhooks for triggering workflows/API calls externally. |
No information available | |
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Data Mapping and Transformation Tools Supports mapping and transformation for non-standard data feeds. |
Supports data mapping and transformation on custom imports. | |
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Number of Supported Integration Points Measures extensibility by supported integration points. |
No information available | |
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Marketplace/Partner Ecosystem Access to app/partner ecosystem for pre-built modules. |
Connects with Finastra and third-party app store modules. |
Support & Vendor Services
(8 Yes /8 Known /10 Possible features)
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24/7 Support Availability Round-the-clock support by phone, chat, or email. |
24/7 support, including follow-the-sun, referenced in service agreements. | |
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Dedicated Account Manager Appoints a named contact for large or strategic clients. |
Account managers assigned for enterprise and strategic clients. | |
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Implementation Assistance Professional services for onboarding, data migration, and go-live. |
Professional onboarding, data migration, and go-live support services available. | |
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On-demand Training Provides online or on-site training modules for users. |
On-demand training (online courses, documentation) promoted for new users. | |
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Knowledge Base Access Access to online documentation, FAQs, and how-tos. |
Online knowledge base (FAQs, tutorials) available to the user base. | |
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User Community Forums Promotes engagement and peer-support among clients. |
User community forums and customer success initiatives described. | |
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Average Support Resolution Time Average time to resolve a typical support request. |
No information available | |
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Regular Feature Updates Receives regular software enhancements and security updates. |
Regular software updates and feature releases listed in roadmap. | |
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Feedback-driven Product Roadmap Incorporates user feedback in ongoing product development. |
Finastra roadmap is influenced by client feedback and pilot programs. | |
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SLA-backed Uptime Guarantee Guaranteed minimum uptime as per SLA. |
No information available |
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