KEY FIGURES

300K

Reconciliations Per Second, Fastest in the Market

70%

Reduced Manual Efforts

200K+

Multi-currency Transactions Reconciled Annually

50%

Lower Direct Costs as compared to Semi-automated Processes

>80%

Faster Reconciliation Cycle Times

12B

Successful Annual Reconciliations

Why FSS SMART RECON

The industry-leading reconciliation solution with end-to-end dispute management

Automate data extraction, reconciliation, exception management, matching, and report generation with one click

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Automated and configurable reconciliation

Multi-way data integration

Highly efficient matching rule engine

Scalable to match billion of records

Dispute tracking through API connectors

End-to-end dispute management

Escalation matrix & workflow optimization

Intelligent rule-based pattern matching

THE FSS ADVANTAGE

Multiple payment reconciliations
under one roof

FSS Smart Recon supports reconciliation for cards, ATMs, instant payments, payment gateway, and wallets under one dedicated platform.

Supports on-us, off-us, and remote on-us transactions with automated data import and n-way matching

Handles the entire

back office operations of cash tally

Manage reconciliation seamlessly for IMPS, NEFT, RTGS, UPI, Aadhaar Pay, Bharat BillPay System transactions

Reconciles wallet spend transactions, wallet load and reload transactions, and wallet-to-wallet transfers

F A Q s

Frequently Asked Questions

Banks face increasing complexity in reconciliation due to manual processes, fragmented data, regulatory pressure, chargeback volume, and scalability challenges. FSS Smart Recon automates reconciliation, supports dispute management, ensures audit readiness, and scales effortlessly — helping banks save time, reduce risk, and improve operational efficiency.

FSS Smart Recon combines powerful automation with bank-friendly features like dispute management, GL tallying, and rule-based exception handling. It’s cloud-ready, secure, easy to configure without coding, and built to scale with your growing transaction needs.

Yes, FSS Smart Recon supports multi-currency and multi-bank reconciliation, allowing you to reconcile any payment type across any currency. With over 200,000 multi-currency transactions reconciled annually, it ensures accurate, real-time matching and reporting — even across multiple banks and cross-border accounts.

FSS Smart Recon allows for automated scheduling of reconciliation, so banks can run matching processes at set intervals without manual intervention. This saves time, reduces errors, speeds up settlements, and improves audit readiness. With real-time exception handling and comprehensive reporting, banks can boost efficiency, stay compliant, and manage growing transaction volumes with ease.

Yes, it can handle over 300K reconciliations per second — the fastest in the market.

  • PCI S3 Certified
  • One-time password generation and validation
  • Secure crypto library
  • Secure session timeout
  • Digital sign transactions
  • Sensitive data encryption
  • Secure audit controls
  • Asymmetric encryption - RSA 2048
  • Secure communication - HTTPS
  • Implementation of OWASP best practices

DIG DEEPER

Resources

Brochure

FSS Smart Recon – Next-gen reconciliation, delivered now!

June 13, 2025