New Nostro Reconciliations Module.
International Financial Systems are pleased to announce the release of our Nostro Reconciliation module as an integrated module within the BankWare Core Banking system. The module is also available to non-BankWare customers.
The system takes MT950 type statements (although other formats can also be supported) and automatically matches one against the other where it can and suggests matches where the information it is matching against is not of sufficient quality to be certain of the match.
For unmatched items the system will generate a data file to be read into the host system accounting package for automatic reconciliation the following day.