Boston, April 10, 2014 – Gone are the days when reconciliation technology was solely applied to reconciling cash accounts. New providers have emerged that offer technology aimed at specific niches, and even the incumbent vendors have begun offering new deployment models. Financial institutions struggle to navigate the number and type of providers in the market and could benefit from a better understanding of vendors' varied strengths and weaknesses, while vendors need to meet the changing expectations of their clients and learn to showcase their unique capabilities.
This Impact Report examines the vendors serving the reconciliations market, identifies important considerations for both financial institutions and reconciliation technology vendors, and profiles the following vendors: Advent Software, AutoRek, Broadridge, Caswil, Duco, eClerx Services, Electra, Fiserv, Gresham, Indus Valley Partners, Infosys, London Stock Exchange UnaVista, MDSL, Milestone Group, SmartStream, Smonik, SS&C, Sterci, SunGard, Torstone Technology, TriOptima, Watson Wheatley, and Xtrakter. Aite Group conducted interviews with individuals engaged in the reconciliation process at various types of financial institutions and surveyed relevant technology vendors to gain the greatest understanding of this rapidly evolving market.
This 70-page Impact Report contains 46 figures and three tables. Clients of Aite Group's Institutional Securities & Investments service can download this report.