-ReconEnterprise wide Reconciliation & Settlement System

Designed on AI basedTechnologies

Reconciliation with upto 99.9%

intelligent matching

PA DSS Certified

Ready for all Payment

Channels

-ReconEnterprise wide Reconciliation & Settlement System

Reconciliation is an accounting process that uses various sets of records to ensure figures are accurate and in agreement.

Reconciliation is the key process used to determine whether the money leaving an account matches the amount spent,

ensuring the two values are balanced at the end of the recording period.

Reconciliation & Accounting of bank’s payment transactions is always a tedious task. Banks act as issuer and acquirer bank of

various payment channels facilitated by various financial networks such as NPCI, VISA, MasterCard, CashNet, Amex, etc. for

ATM, POS, Ecommerce, interbank, Wallets and Card to Card transactions and digital channels. i-Recon is designed to meet

the reconciliation and settlement of daily transactions from various sources up to the maximum possibility of matching.

business.solutions@idbiintech.com | +91-9152781613IDBI Intech Ltd., IDBI Bldg., Plot No. 39-41, Sector 11, CBD Belapur, Navi Mumbai 400614. www.idbiintech.com

The Intech Advantage:

ä Wholly owned subsidiary of IDBI Bank

Ltd. with major focus on Banking and

Financial Sector

ä Satisfied customers from leading Banks

and Financial Institutions

ä 700+ Strong Techno-functional experts

ä Domain and Technology experts with

over 15 plus years of experience

ä Development & Knowledge Center in

Navi Mumbai & Pune

ä Offices in Mumbai, Pune, Delhi,

Chennai & Hyderabad

Platform independent, with multiple Dashboards

In memory processing

Supports 3 and 4 way reconciliation

Key FeaturesKey Features

DashboardDashboard

Built-in FRMS / Analytics

Efficient and high performance centralized reconciliation system with T+1 TAT

Workflow based Dispute Management

Fees, Interchange, GST, TDS and expense income calculation

Generates Payment Vouchers, Settlement and Statutory Reports

Flexible with compatibility for customization as per bank

Business BenefitsBusiness Benefits

Eliminates risk of manual errors which may result in financial loss

Handling exponential increase in transaction volumes without additional cost

Scalable, highly efficient and time bound