Ask most financial institutions about onboarding new reconciliations and the response you’ll get is one big manual headache. Luckily the status quo with lengthy delays and manual processing issues is undergoing a shakeup. A recent benchmark survey with Aite Group reviews the existing onboarding challenges and highlights room for improvement.
Onboarding a new reconciliation has a complex lifecycle. Typically, it will include defining business needs and technical requirements, design, configuration