Korvena Recon

Reconciliation that closes itself — and proves it

Replace spreadsheet reconciliation with an engine that ingests every source, matches at scale, routes exceptions to owners, and leaves an audit trail your examiners will thank you for.

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The problem

Every settlement day, the same fire drill

Core banking says one thing. The processor file says another. The switch report arrives late, the bank statement uses different references, and someone on the operations team owns a spreadsheet that everyone fears. Unresolved breaks become write-offs, audit findings and regulatory questions.

Manual matching doesn’t scale

Transaction volumes grow faster than operations headcount. Every new channel or partner adds another file format to the pile.

Breaks age in the dark

Without ownership and ageing, exceptions sit unresolved until they surface as customer complaints or audit findings.

Evidence is scattered

When a regulator or auditor asks how a figure was reconciled, the answer should not live in one analyst’s inbox.

Capabilities

What Korvena Recon does

Multi-source ingestion — core-banking extracts, processor and switch files, settlement reports, bank statements and wallet ledgers; CSV, Excel, XML, JSON, SWIFT-style and fixed-width formats.
Configurable matching — exact, tolerance and fuzzy rules across one-to-one, one-to-many and many-to-many relationships, tuned per reconciliation without code.
Exception management — unmatched items become owned, categorised, ageing-tracked work items with escalation paths, not rows in a forgotten sheet.
Maker–checker approvals — adjustments, write-offs and manual matches require a second pair of eyes, with both identities recorded.
Complete audit trail — who ingested, matched, adjusted, approved — every action timestamped, attributed and immutable.
Reporting — daily position summaries, break ageing, resolution performance and regulator-ready extracts, exportable and schedulable.

How it works

From files to closed books in four steps

Ingest

Connect sources by SFTP, API or upload. Formats are normalised into a consistent transaction model on arrival.

Match

The engine applies your rule cascade — exact first, then tolerance and fuzzy passes — and records the basis for every match.

Resolve

Exceptions route to owning teams with categories, ageing and escalation. Adjustments go through maker–checker.

Report

Positions, break ageing and resolution metrics are always current — for operations, finance, auditors and regulators.

Where it fits

Typical reconciliations institutions run on Korvena Recon

Reconciliation	Sources
Card & switch settlement	Core banking vs processor files vs switch reports vs settlement bank statements
Agency banking & wallets	Wallet ledger vs agent float accounts vs partner bank statements
Transfers & payouts	Internal ledger vs payment-gateway reports vs bank statements
Nostro / correspondent	Internal nostro ledger vs correspondent bank statements
Loan disbursement & collection	Loan management system vs disbursement channel vs repayment collections

Bring one messy reconciliation to the demo

The fastest way to evaluate Recon is to see your own worst reconciliation modelled in it. We will show you exactly how ingestion, matching and exception flow would work.

Request a Demo