FIS launches Optimized Reconciliation Service
19 August 2025 US
Image: Timon/stock.adobe.com
FIS has launched its Optimized Reconciliation Service, a fully managed solution designed to automate the end-to-end reconciliation process for banks, corporations, and financial institutions.
The service uses automation technology to unlock efficiency and reduce errors in the reconciliation process, the firm says.
Matt Stauffer, head of back office solutions at FIS, says: 鈥淭imely, accurate data 鈥� and the insights capital markets participants can extract from it 鈥� are essential to modern capital markets firms鈥� success.
鈥淗owever, many firms are still struggling to manage the exponential growth of data volume and complexity at a time when evolving regulatory requirements are further complicating manual reconciliation processes.
鈥淲ith the launch of this solution, we鈥檙e helping clients evolve beyond laborious, error-prone systems by providing an efficient solution designed to allow them to run on accurate, fast and trusted reporting data.鈥�
The solution aims to achieve at least 98 per cent automated matching rates backed by financial service level agreements (SLAs), and is designed to cut down on the average time spent on discrepancy resolution.
The service uses automation technology to unlock efficiency and reduce errors in the reconciliation process, the firm says.
Matt Stauffer, head of back office solutions at FIS, says: 鈥淭imely, accurate data 鈥� and the insights capital markets participants can extract from it 鈥� are essential to modern capital markets firms鈥� success.
鈥淗owever, many firms are still struggling to manage the exponential growth of data volume and complexity at a time when evolving regulatory requirements are further complicating manual reconciliation processes.
鈥淲ith the launch of this solution, we鈥檙e helping clients evolve beyond laborious, error-prone systems by providing an efficient solution designed to allow them to run on accurate, fast and trusted reporting data.鈥�
The solution aims to achieve at least 98 per cent automated matching rates backed by financial service level agreements (SLAs), and is designed to cut down on the average time spent on discrepancy resolution.
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