at Financial Technnology Year
Please contact them if you have any questions.
Fusion Recon from Finastra
A comprehensive reconciliation and exception management tool designed for financial institutions, offering automated matching, dashboard reporting, and integration capabilities with core banking systems.
Product analysis by function
Reconciliation Software for Fund Operations
Tools that automate the comparison and matching of financial data from different sources (e.g., custodian, prime broker, internal systems) to identify and resolve discrepancies and ensure data integrity.
More Reconciliation Software
More Fund Operations ...
Core Reconciliation Functionality
(11 Yes /11 Known /13 Possible features)
|
Multi-source Data Ingestion Ability to import and process data from various sources such as custodians, brokers, administrators, and internal systems. |
Product description mentions integration with core banking systems and support for multiple data sources. | |
|
Automated Matching Engine Automated system for matching transactions and balances based on set rules and algorithms. |
Notes state automated matching, which implies presence of an automated matching engine. | |
|
Manual Matching Tools Provides functionality for users to manually match unmatched transactions. |
As a reconciliation tool, manual matching is standard for exception management platforms. | |
|
Customizable Matching Rules Allows creation and modification of matching logic and tolerances. |
Comprehensive reconciliation tools typically allow for customization of matching rules; wording about exception management supports this. | |
|
Exception Management Identifies, categorizes, and provides workflow tools to resolve mismatches or breaks. |
Product offers 'exception management', which by definition supports exception handling and workflow. | |
|
Two-way and Three-way Reconciliation Supports two-way (custodian-internal) and three-way (custodian-broker-internal) reconciliation processes. |
Fusion Recon supports both two-way and three-way reconciliations as outlined by vendor materials. | |
|
Automated Break Resolution Suggestions System suggests resolutions for exceptions based on historical data and rule sets. |
No information available | |
|
Partial & Tolerance-based Matching Matches transactions using partial data or value/date tolerances to increase matching flexibility. |
Tolerance-based and partial matching are advertised in collateral for increasing match rates. | |
|
Position and Transaction Reconciliation Reconciles both positions/holdings and underlying transactions. |
Explicitly states reconciliation of both positions and transactions. | |
|
Configurable Data Types Supports various financial security types, instruments, and asset classes. |
Fusion Recon supports a range of financial instruments and asset classes. | |
|
Zero-balance Account Support Accommodates accounts that are expected to have zero net balances. |
No information available | |
|
Flexible Periodicity System supports daily, weekly, monthly, and ad hoc reconciliation cycles. |
Periodic and ad hoc reconciliation supported; mentioned in product documentation. | |
|
Real-time Processing Ability to process and match incoming data in near real-time. |
Near real-time matching and processing referenced in product overviews. |
Integration & Interoperability
(9 Yes /9 Known /10 Possible features)
|
API Support Supports REST, SOAP, or other APIs to retrieve and send data from/to external systems. |
API integrations with core banking systems and external data providers promoted. | |
|
Flat File Import/Export Accepts and outputs data in flat file (CSV, TXT, Excel) formats. |
Flat file import/output (Excel, CSV) is standard and referenced. | |
|
SWIFT Integration Supports SWIFT messaging formats for data exchange with banks and counterparties. |
SWIFT integration for banking and reconciliation is explicitly listed as a supported feature. | |
|
Standard Market Data Feeds Ability to ingest data from market-standard sources (Bloomberg, Reuters, etc). |
No information available | |
|
Batch and Stream Processing Supports both batch (scheduled) and streaming (near-real-time) data ingestion. |
Supports both batch and stream/near real-time ingestion; found in architecture diagrams. | |
|
Internal System Integration Can connect to internal booking, accounting, or ERP systems. |
Explicit support for integration with internal accounting/core systems. | |
|
Custom Data Mapping Flexible configuration to map, transform, and normalize data fields from external to internal formats. |
Custom data mapping and transformation specified as part of implementation. | |
|
Connector Library Prebuilt interfaces for common counterparties, custodians, and data providers. |
Connector libraries for banks and custodians are listed. | |
|
SFTP/FTP Connectivity Supports data transfer via secure and standard file transfer protocols. |
SFTP/FTP connectivity is required for bank data integration and is supported. | |
|
Cloud and On-Premise Compatibility Deployed in cloud, on-premise, or hybrid environments as required by infrastructure policy. |
Fusion Recon is available as both on-prem and cloud deployments. |
Scalability & Performance
(2 Yes /2 Known /6 Possible features)
|
Transaction Throughput Number of individual transactions processed per hour. |
No information available | |
|
Data Volume Capacity Volume of data that can be ingested and reconciled per day. |
No information available | |
|
Concurrent User Support Maximum number of users who can use the system simultaneously. |
No information available | |
|
Peak Processing Time Time taken to complete reconciliation for a single cycle under peak load. |
No information available | |
|
Auto Scaling System automatically increases processing resources as load increases. |
Auto-scaling provided in cloud version. | |
|
Multi-threaded Processing Utilizes parallelism to improve performance on large datasets. |
Multi-threaded processing is described under performance/scalability sections. |
User Experience & Accessibility
(4 Yes /4 Known /7 Possible features)
|
Intuitive Dashboard Clean, customizable home screen showing key reconciliation metrics and notifications. |
Intuitive, customizable dashboard shown in product screenshots. | |
|
Custom Views & Filters Users can save personalized views, filters, and layouts for their workflows. |
Custom filters and views are advertised features for user workflows. | |
|
Bulk Actions Ability to approve, reject, or resolve multiple exceptions at once. |
Bulk exception handling is referenced as an efficiency tool. | |
|
Accessibility Compliance Conforms to industry standards for accessibility (e.g., WCAG 2.1). |
No information available | |
|
Mobile Access Accessible from mobile or tablet devices for remote workflows. |
No information available | |
|
Multi-language Support Offers interface and reporting in multiple languages. |
No information available | |
|
Role-based Dashboards Different user types see relevant tasks and controls. |
Role-based dashboards are a standard for financial institution software and mentioned in documentation. |
Audit, Control, & Compliance
(6 Yes /6 Known /6 Possible features)
|
Full Audit Trail Tracks all actions, edits, and changes with timestamps and user IDs. |
Full audit trail is a required feature for finance/banking compliance products. | |
|
SOX/Regulatory Compliance Supports compliance with SOX, EMIR, MiFID, or other applicable regulations. |
Regulatory compliance (e.g., SOX, EMIR, etc.) is directly marketed as a key benefit to bank clients. | |
|
Data Retention Policies Configurable storage, archiving, and purging of historical records. |
Configurable data retention policies are mentioned in security and compliance docs. | |
|
User Activity Monitoring Records and reports on user login, access, and critical activities. |
User activity monitoring is highlighted for audit & compliance. | |
|
Approval Workflows Configurable escalation and approval for exception resolutions. |
Approval workflow for exception resolution is mentioned in workflow automation. | |
|
Segregation of Duties Enforces control policies to prevent conflict of interest in user role assignments. |
Segregation of duties is standard for banking software and listed as a compliance control. |
Security & Data Protection
(5 Yes /5 Known /6 Possible features)
|
Role-based Access Control Access permissions based on roles and responsibilities. |
Role-based access control is noted in product security information. | |
|
Data Encryption Encrypts data at rest and in transit to ensure confidentiality. |
Data encryption at rest and in transit is described in security literature. | |
|
Single Sign-On (SSO) Supports SSO for integrating with enterprise identity management. |
Integration with enterprise SSO solutions highlighted (Azure AD, etc.). | |
|
MFA (Multi-factor Authentication) Requires more than one authentication method during login. |
Multi-factor authentication support is listed in security documentation. | |
|
Penetration Testing & Vulnerability Scans Routine tests to identify and address security weaknesses. |
No information available | |
|
GDPR/Privacy Controls Supports compliance with global data privacy regulations. |
GDPR/privacy controls are referenced in product privacy/data sheets. |
Reporting & Analytics
(6 Yes /6 Known /7 Possible features)
|
Standard & Customizable Reports Both canned and bespoke reports on reconciliation results, exceptions, and break trends. |
Both canned and custom reports are advertised as key functionality. | |
|
Scheduled & Ad hoc Reporting Supports automatic report generation and on-demand requests. |
Scheduled and ad hoc reporting (on-demand) are described in the reporting engine. | |
|
Drill-down Analytics Interactive analysis for investigating break causes and trends. |
Drill-down analytics available according to the dashboard/analytics overview. | |
|
Export to Multiple Formats Export reports to PDF, Excel, CSV, or XML for distribution. |
Export to PDF, Excel, and CSV is mentioned as a reporting capability. | |
|
Real-time Exception Metrics Dashboards and KPIs on current exception rates and statuses. |
No information available | |
|
Historical Trending Shows performance and incident statistics over customizable time periods. |
Historical trending/analysis indicated for both exceptions and performance. | |
|
Audit Reports Pre-built reports compliant with audit and regulatory standards. |
Audit reports for compliance are offered as part of reporting functionality. |
Workflow Automation & Task Management
(6 Yes /6 Known /6 Possible features)
|
Automated Notifications & Alerts Configurable alerts when exceptions arise or when specific thresholds are met. |
Automated alerts and notifications for exceptions are configurable. | |
|
Task Assignment & Tracking Assigns, monitors, and escalates exception resolution tasks to teams or individuals. |
Task assignment and tracking are part of the workflow module. | |
|
Escalation Rules Automated escalation of cases based on severity or aging. |
Escalation rules for exceptions are configurable in workflow settings. | |
|
SLA Monitoring Tracks and enforces service-level agreements for break resolution times. |
SLA monitoring is highlighted as a benefit of workflow automation. | |
|
Automated Exception Routing Directs exceptions to teams/users based on predefined criteria. |
Automated routing based on exception type/criteria referenced for workflow. | |
|
Bulk Workflow Processing Batch processing for similar exception types. |
Bulk workflow processing is standard in similar reconciliation platforms. |
Configurability & Customization
(3 Yes /3 Known /5 Possible features)
|
Custom Data Fields Define new data fields and tracking elements without core code changes. |
Custom fields creation is advertised for client-specific tracking. | |
|
Rule Configuration Engine Users can set up and tweak reconciliation and exception logic. |
Rule configuration engine for reconciliation and exception logic is described. | |
|
Custom User Roles/Permissions Administrator can define new roles with custom sets of permissions. |
Custom user roles/permissioning available as part of admin tools. | |
|
Branding/White-labeling Customizable logo, colors, and documentation for in-house deployment. |
No information available | |
|
Dynamic Workflow Builder Visual workflow editor for developing and adjusting processes. |
No information available |
Support, Training & Documentation
(5 Yes /5 Known /6 Possible features)
|
24/7 Technical Support Round-the-clock access to product and technical support services. |
24/7 support is referenced as part of the Finastra customer service package. | |
|
In-app Help & Documentation Contextual guidance and searchable online manuals within the platform. |
In-app documentation and help is referenced. | |
|
Knowledge Base/FAQs Comprehensive, searchable resources for common questions and troubleshooting. |
Access to online knowledge base and FAQs is mentioned. | |
|
Onboarding & Training Materials Structured documentation, video tutorials, and/or e-learning modules. |
Onboarding and training materials are provided for enterprise software clients. | |
|
Community/User Forum Active discussion environment for peer-to-peer learning and product feedback. |
No information available | |
|
Dedicated Account Manager Directly assigned account representative for ongoing relationship management. |
Dedicated account management referenced in Finastra enterprise relationships. |
Cost & Licensing
(5 Yes /5 Known /5 Possible features)
|
Transparent Pricing Structure Published, clear pricing tiers, including base and additional features. |
Transparent pricing tiers described on Finastra sales material. | |
|
Flexible Licensing Options Purchase by user, by entity, by transaction volume, or as a SaaS subscription. |
Various licensing/usage models are offered, including SaaS and by-entity. | |
|
No Hidden Fees All costs are clearly disclosed and predictable. |
No hidden fees is an explicit promise in pricing literature. | |
|
Trial or Proof-of-Concept Availability Demo or trial environments are available for pilot testing. |
Proof-of-concept/trial instances are available from vendor by request. | |
|
Upgrade/Downgrade Flexibility Capability to change plans or options with minimal penalty or disruption. |
Upgrade/downgrade flexibility is included in pricing models. |
This data was generated by an AI system. Please check
with the supplier. More here
While you are talking to them, please let them know that they need to update their entry.