03:24 PM
ITG Tabs Fiserv’s Accurate Platform to Automate Reconciliations
Investment Technology Group announced that it’s using Fiserv’s Accurate platform to perform a range of cash and securities reconciliations, and to automate the exception management process.
The firm also said that it plans to use Accurate to provide daily management level reporting and to institute financial controls for its European operations. Accurate’s financial controls include transaction matching and reconciliation, case management, account certification, and reporting.
“Implementing robust financial controls is imperative to mitigating operational risk and ensuring the integrity of critical financial information, “ John Filby, the president of Fiserv’s risk and compliance division said in a statement.
“ITG can address high transaction volumes while dealing with exceptions more quickly and effectively.”
As the Senior Editor of Advanced Trading, Justin Grant plays a key role in steering the magazine's coverage of the latest issues affecting the buy-side trading community. Since joining Advanced Trading in 2010, Grant's news analysis has touched on everything from the latest ... View Full Bio