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Banking Reconciliation - One Recon

reviewer2764737 - PeerSpot reviewer
Vice President at a tech services company with 1,001-5,000 employees
20 people affected
3 people managed
6 month project

Project Description

PGI Intelligent Recon Platform for Banks

"From Transaction Matching to Autonomous Financial Control"

Banks spend significant effort reconciling transactions across core banking, payment systems, SWIFT, cards, treasury, trade finance, nostro/vostro accounts, ATMs, and regulatory reports.

PGI's Intelligent Recon Platform transforms reconciliation from a manual back-office function into an AI-driven operational control tower.

Key Value Proposition

1. Unified Reconciliation Hub

  • Core Banking
  • Cards & Payments
  • Treasury
  • SWIFT
  • Trade Finance
  • GL Reconciliation
  • Regulatory Reporting

Single platform managing all reconciliation processes.

Lessons Learned

I would start with a smaller, high-impact use case, establish clear ROI metrics from day one, and involve business users earlier in the design process. This would speed up adoption and ensure the solution addresses real operational challenges.

Highlights

Ahead of schedule
Under budget
Received recognition / award

Difficulties

Large no. of people impacted

Products Used

Technical Skills Used

  • Data Engineer
  • Product Specialist
  • Recon Specialist
  • API Developers
  • Singapore (00-SG)1.28967103.85