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  • Financial Reconciliation Management

Boost Efficiency with Reconciliation and Settlement

Streamline operational processes and manage the increasing volume of complex data structures. Gain valuable insights to manage risks effectively.

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Overview

Reconciliation and Settlement solution

Our Reconciliation and Settlement solution automates & standardizes processing, increasing matching percentage & providing operational insights. With comprehensive exception management, it identifies & proactively resolves exceptions, with audit capabilities.

  • Ensures Regulatory compliance
  • Improves operational efficiency
  • Configurable Easily
  • Scalable End- to End
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Featured Clients

Featured Capabilities

01

Financial Risk & Controls

Identify and flag discrepancies in transaction data to help prevent errors, fraud, or other financial risks. Provide users with real-time, accurate, and complete information to enable effective decision-making.

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02

End to end Transaction Lifecycle Management

Redefining the legacy operational processes by automating and monitoring the entire cycle of operations from Record to Report with features such as Real time Reporting, Exception and Case Management and Automated Reconciliation.

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03

AI and ML Based Intelligent Matching Algorithms

Intelligent matching algorithms analyze large volumes of transactional data to identify patterns and anomalies and use this information to make informed decisions about transaction matching.

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04

Real-Time Reconciliation & Settlements

It enables organizations to quickly and accurately reconcile transactions as they occur, enabling greater and enhanced decision making reducing the risk of errors and fraud. This results in faster payment processing and more responsive customer service.

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Client Case Study

80% Reconciliation Process Automation at Oman's Premier Islamic Bank

Ascent is proud to assist one of Oman’s premier Islamic banks, streamlining reconciliation to offer fully Sharia-compliant financial products and services through its wholesale and retail banking segments.

Hear what our great customers say

Our clients' words of praise and appreciation inspire us to continue providing the best possible solutions and help us to build a stronger relationship with our clients.

“Very Professional Approach”

I really appreciate the Ascent team’s ability to understand the problem and provide a solution. They are highly responsive.

Prateek Sinha

Vice President, Head of BCM

Mashreq Bank

“Impressed with Team's expertise”

We are thoroughly impressed with the domain knowledge and technical expertise displayed by the Ascent team.

Suresh Kuppusamy

Senior Risk Officer

Aafaq Islamic Finance, PSC

“Really supportive throughout the process”

Thanks for helping us with achieving another milestone. You've always gone above & beyond to deliver the requirements.

Suresh Sivasankaran

AGM, Crisis Resilience & Standards

HCL Technologies

“Fantastic work by the team”

Thank you all. Fantastic work. Much appreciated

Bakkianathan Muthuswami

Senior Manager – Business Resilience

AstraZeneca

Hear what our great customers say

Our clients' words of praise and appreciation inspire us to continue providing the best possible solutions and help us to build a stronger relationship with our clients.

“Very Professional Approach”

I really appreciate the Ascent team’s ability to understand the problem and provide a solution. They are highly responsive.

Prateek Sinha

Vice President, Head of BCM

Mashreq Bank

“Impressed with Team's expertise”

We are thoroughly impressed with the domain knowledge and technical expertise displayed by the Ascent team.

Suresh Kuppusamy

Senior Risk Officer

Aafaq Islamic Finance, PSC

“Really supportive throughout the process”

Thanks for helping us with achieving another milestone. You've always gone above & beyond to deliver the requirements.

Suresh Sivasankaran

AGM, Crisis Resilience & Standards

HCL Technologies

“Fantastic work by the team”

Thank you all. Fantastic work. Much appreciated

Bakkianathan Muthuswami

Senior Manager – Business Resilience

AstraZeneca

Featured Product

An Automated Reconciliation
Software Suite

Ascent AutoRecon© an automated reconciliation software suite designed for financial control that is easily configurable, scalable, and is specially designed for the Banking, Financial Services and Insurance industry (BFSI).

Its end-to-end functionality ensures comprehensive coverage and accurate results, enabling businesses to focus on critical financial activities and make informed decisions.

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