RiskTech Forum

Fiserv Earns SWIFTReady Reconciliation Accreditation for the 13th Consecutive Year

Posted: 29 October 2012  |  Source: Fiserv

Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, today announced that its Accurate™ Reconciliation solution for transaction matching, reconciliation and exception management has received the SWIFTReady Reconciliation Label for 2012.

The renewed accreditation for Fiserv demonstrates that the Accurate Reconciliation solution meets stringent SWIFT criteria linked to the support of messaging standards, services and connectivity requirements, which are re-evaluated every year to ensure alignment with market changes.

"Achieving the SWIFTReady accreditation means when our clients choose our solutions, they can have confidence that they have robust financial controls within their organizations to support company operations and improve the accuracy of reporting," said Eric Werab, portfolio director, Financial Control Solutions, Risk and Compliance, Fiserv. "As the types of payment channels increase, data sources will continue to grow in both complexity and volume, which is why we work closely with partners such as SWIFT to provide our clients with a seamless solution that reduces cost and mitigates operational risk while improving performance and efficiency."

Complementing the SWIFTReady accreditation, the Accurate Reconciliation solution also introduced support for ISO 20022 XML messages, supporting clients in their integration of SWIFT MX message content and implementation of SEPA compliant controls.

"By delivering support for ISO 20022 message formats through the Accurate Reconciliation solution, Fiserv reinforces its role as a long term partner, enabling our clients to address their reconciliation needs today and to be prepared for the future," said Werab.

Fiserv is exhibiting at Sibos 2012 in Osaka, Japan, October 29 — November 1 in Hall 1, Stand #1C11. At the show Fiserv will showcase its industry leading solutions for the global financial services market in the areas of mobile banking, online banking, investment services and risk and compliance.

Accurate Reconciliation is part of the Risk and Compliance core competency from Fiserv through which the company offers a unique breadth of solutions to help clients optimize usage and return on capital by making risk transparent and actionable within their organizations. Solution sets in the Risk and Compliance core competency include Financial Crime Risk Management, Financial Risk Management, Financial Performance Management and Financial Control Solutions.