Trusted by leading Banks & Neobanks across 50+ countries
Use Cases
Reconciliation for Banks & Neobanks
Control every dollar. Close faster. Stay audit-ready
Banks and neobanks process millions of transactions daily in cards, loans, transfers, deposits, ATMs, capital markets, insurance, and every other product line, each with its own core banking system files, third party files, and clearing logic. Simetrik reconciles every product line continuously at transaction level, with full traceability from every accounting entry to its source. The result: fewer provisions, less revenue leakage, and no more reconciliation disputes.
1.1M
Annual savings from reduced reconciliation headcount at a multinational NYSE-listed bank
540k
Annual operational efficiency savings at a large regional bank
16bps
Losses avoided monthly on transaction volume at a leading Latin American bank
Reconcile every transaction, across every product, every day
Get a single control layer connecting your core banking system, partners’ reports, and your ERP, reconciling automatically, so your team spends 90% less in operational reconciliation tasks.
- Card issuing: auth vs clearing vs settlement vs ERP, end-to-end
- Loan disbursements and collections with installment-level traceability
- ACH, SPEI, PIX and other real-time payment rails, T+0 settlement
- ATM and agent network D+N settlement, aging control
The accounting operating model built for modern banks
Unresolved differences land in suspense accounts and distort your balance sheet. Simetrik gives accounting a daily integrity layer, so nothing reaches close unresolved.
- Transitory Accounts cleared continuously, not at period-end
- Accruals and provisions automated with full traceability
- Period-end close from reconciled data, no catch-up entries
- Daily GL integrity checks between operational systems and the ERP
Close faster. Walk into every audit prepared
Automated journal entries and period-end close from verified reconciled data. Your team produces transaction-level evidence in hours and auditors leave without findings.
- Month-end close reduced by up to 5 business days
- Journal entries posted to ERP automatically
- Audit trail from summary to source transaction in seconds
- Regulatory reports generated for CNBV, SBS, BACEN, Superfinanciera
Centralize control. Launch new products without rebuilding
Finance and operations teams configure reconciliation directly, no IT dependency. One platform replaces macros, scripts, and siloed processes across business units.
- Replace spreadsheets, macros, legacy EUCs with scalable no-code logic
- New products configured in days, not rebuilt from scratch
- Governance and approval workflows across all teams
- 100+ pre-built templates for card networks, processors, and ERPs
Built for the complexity of modern banking
From daily settlement to regulatory reporting, Simetrik delivers trust at every layer.
Transaction-level accuracy
Always post correct balances, fees, and payment details, across every product and channel. 99%+ automatic reconciliation rate, with full audit trail.
SOX-ready EUC elimination
Spreadsheets, macros, and scripts can’t pass a SOX audit. Simetrik replaces your EUCs with compliant, auditable, enterprise-grade controls, the way a global bank automated 600+ EUCs and made Simetrik their SOX platform of record.
Fast exception resolution
Real-time alerts surface discrepancies before they age into transitories. Act on disputes and customer requests in hours, not days.
AI-native by design
Enable automated credit approvals, risk modeling, and advanced reconciliation workflows powered by clean, verified financial data from Simetrik.
Real results from Banks and Neobanks like yours
"Simetrik allowed us to handle the exponential growth we experienced between 2023 and 2024. A 400% increase in transactions, without losing control of our operations."
Nicolás Ciotti — Senior Implementation Advanced · Naranja X
FAQs
What makes reconciliation different for banks and neobanks?
Banks and neobanks reconcile records across systems that describe different stages of the same transaction. A core banking entry may need to be checked against payment-channel records, processor reports and settlement evidence. The task is to explain those relationships at transaction level, including timing differences and exceptions across entities or currencies.
Is a matching bank balance enough to confirm reconciliation?
A matching balance does not establish that the underlying transactions are correct. Missing and duplicate entries can offset one another, leaving the total unchanged. Transaction-level checks help identify those differences and connect them to the relevant system or counterparty. Balance checks remain useful alongside that more detailed control.
How should a bank handle mismatches between its core and settlement reports?
Classify the mismatch before resolving it. It may reflect a posting cutoff, an unsettled transaction, a different amount or a missing reference. Preserve the dates and statuses from each source, and compare records within the relevant entity, currency and payment channel. This gives reviewers a clearer basis for deciding which items need follow-up.
What evidence can teams review when a reconciliation breaks?
In Simetrik, teams can trace a control result back to source records and review the configured rules involved. Exceptions can be organized for investigation and follow-up, with a record of the actions taken. That evidence supports internal review and audit work; it does not itself establish regulatory compliance.
How does Simetrik fit alongside a core banking system?
Simetrik is an AI-native financial control platform that reconciles data from compatible banking and operational systems. Its deterministic core executes the configured matching rules. AI capabilities support data preparation and configuration suggestions for human review. The core banking system remains the operational system of record. Explore Simetrik’s reconciliation software for the underlying platform capabilities.
Ready to transform your reconciliation operations?
Join 180+ banks, neobanks, and companies that trust Simetrik to process 2.5 billion records daily, continuously, not at month-end.