Use-Cases
Counterparty Reconciliation
Counterparty reconciliation is an essential function for any financial institution. Payment Operations, Treasury, Settlement & Clearing, and Compliance teams often shoulder the responsibility of ensuring that counterparty data (e.g. account information, correspondent banks, and related codes) stays accurate and consistent. Yet verifying alignment across multiple systems and external references frequently relies on time-intensive, manual checks in Excel or other data tools. Even with advanced operational solutions, these teams can struggle to spot typos, incomplete fields, or outdated entries in large and ever-changing datasets. Boagent delivers a nimble reconciliation platform that empowers teams to uncover data inconsistencies in under 20 minutes for new or updated counterparty datasets or setup automated checks in under 1 day.
How Boagent Helps Solve Counterparty Recon
Automatically reconcile counterparty data between internal databases and external data sources, without unique identifiers.
Reconcile internal and external files for discrepancies without requiring ETL tools to transform and normalize them into a shared format.
Setup event-driven and scheduled checks to automatically flag exceptions and stay ahead of updated counterparty data.
Solve Your Counterparty Recon Challenges
Challenge
Incomplete Data from Multiple Sources
Counterparty details (e.g., addresses, codes, bank details) can arrive in varying formats, sometimes incomplete or out of date.
Solution
Automatically clean incoming data, map disparate fields, and enrich missing fields with reference data (e.g., SWIFT registry).
Boagent’s code-free connectors allow teams to automate ingestion and preparation pipelines.
Challenge
High Volume of Updates & Manual Workflows
Frequent changes to counterparty data (mergers, acquisitions, branch closures) require constant manual updates, risking errors and slow turnaround.
Solution
Setup a new process in under 20 minutes, or use event-driven or scheduled updates trigger real-time or periodic reconciliations.
Automated workflows flag mismatches for rapid review and resolution by the right team.
Challenge
Regulatory Risk & Lack of Clear Audit Trails
Without proper version control and tracking, it becomes difficult to demonstrate compliance, investigate mismatches, or resolve regulatory inquiries.
Solution
Boagent’s built-in audit logs record every data match, update, and user action, ensuring end-to-end traceability.
Configurable reports help satisfy regulatory or audit requirements quickly and with confidence.
See it in Action
Let us show you how Boagent can help you solve your reconciliation challenges with just 30 minutes.
Schedule a Demo Today