Nostro Reconciliation
Improve accuracy and speed of nostro reconciliation with SunGard.
Nostro reconciliation – along with cash, securities and derivatives reconciliation – is critical to the smooth and efficient operations of any bank. Nostro reconciliation has become more challenging in recent years as the complexity of data has increased and the volume of transactions has grown exponentially. Nostro reconciliation often involves data housed on disparate systems, further complicating matters. And demands for greater transparency and efficiency in the aftermath of the financial crisis have helped to make nostro reconciliation an increasingly complex task. Banks who can manage this task well benefit from reduced cost, reduced risk and a healthier bottom line. For banks seeking a solution that can help streamline reconciliations for nostro accounts, cash, securities and more, SunGard has the answer.
Learn more about SunGard's nostro reconciliation solution.
SunGard’s Ambit offers a leading solution for nostro reconciliation.
As a leading provider of solutions for banks – including solutions for liquidity management, asset finance software and more – SunGard provides an industry-leading nostro reconciliation solution in Ambit Reconciliation. This solution gives banks the ability to match and reconcile transactions in real-time, and to integrate exception processing as well. Regardless of the source, transactions and data are processed in real-time on a single platform, including nostro accounts, cash, checks, system-to-system messages and more. Ambit Reconciliation also performs confirmation matching, ATM reconciliation and OTC and exchange traded derivatives reconciliation . The solution scales quickly and easily to cover operations of any size, and helps streamline operations and improve efficiency to make nostro reconciliation less costly and more accurate. Ambit Reconciliation has won the SWIFT Ready Gold award for twelve years in a row.
Reduce reconciliation cost and minimize risk in nostro accounts.
By deploying Ambit Reconciliation to reconcile nostro and vostro accounts, cash, securities and more, banks can:
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Mitigate risk. Ambit helps banks increase control to reduce risk through earlier exception detection and resolution. A flexible, real-time dashboard allows active monitoring and reporting for additional control.
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Reduce expenses. By automating many processes, Ambit lowers costs by eliminating manual processes, automating matching for any type of data, and delivering the highest auto-match rates for high speed, large volume reconciliation.
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Scale for growth. Ambit Reconciliation scales easily to handle the needs of departments and organizations of any size.
Learn more now about SunGard’s nostro reconciliation solution, as well as other SunGard solutions for liquidity optimization, lease management software, treasury management and more.
SunGard’s Ambit reconciliation solution helps manage complex real-time confirmation matching and reconciliation across all lines of business, including nostro reconciliation, ATM reconciliation and more. Ambit software suite provides comprehensive solutions to corporate banks. Ambit’s treasury management systems provide front-to-bank office treasury solutions that help banks improve cash, risk and liquidity management. And Ambit’s lease management software provides a comprehensive leasing system that helps banks manage products, partners and applications more effectively.