Korvena Recon · AI-enabled
Replace spreadsheet reconciliation with an engine that ingests every source, matches at scale with rules, fuzzy logic and AI, routes exceptions to owners, and leaves an audit trail your examiners will thank you for.
The problem
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.
Transaction volumes grow faster than operations headcount. Every new channel or partner adds another file format to the pile.
Without ownership and ageing, exceptions sit unresolved until they surface as customer complaints or audit findings.
When a regulator or auditor asks how a figure was reconciled, the answer should not live in one analyst’s inbox.
Capabilities
AI in Recon
Deterministic rules settle the clear cases. Machine learning handles the rest, and every suggestion stays subject to the same approvals as a manual match.
Exceptions the rule cascade cannot settle receive ranked candidate matches, learned from the matches your analysts confirm and reject.
Unusual break volumes, ageing or patterns by source, channel or counterparty are flagged early, before they become write-offs.
Each suggestion shows the fields and evidence behind it. Nothing posts without maker-checker approval, and every decision is logged.
How it works
Connect sources by SFTP, API or upload. Formats are normalised into a consistent transaction model on arrival.
The engine applies your rule cascade (exact first, then tolerance and fuzzy passes), then AI models propose ranked matches for whatever remains. The basis for every match is recorded.
Exceptions route to owning teams with categories, ageing and escalation. Adjustments go through maker-checker.
Positions, break ageing and resolution metrics are always current, for operations, finance, auditors and regulators.
Where it fits
| 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 |
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.
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