Compliance for custodians. Harmoney: case study

by ReconArt | Case Study

Harmoney is New Zealand’s leading peer-to-peer lending platform that matches borrowers with investors. Harmoney receives investor money, disburses this to borrowers and collects repayments via trust accounts set up for investors. Harmoney is essentially in a custodian role and it was important to adopt a reconciliation solution that provided best practice reconciliation standards from the finance industry in terms of compliance, auditability, and automation.

About ReconArt

Since 2011, ReconArt drives innovation in the recon space and helps a global client base establish robust, flexible and scalable data reconciliation processes. Our software solution leverages best practice and technology in line with the digital transformation trends in finance & accounting.

Our reconciliation tool is a fully configurable SaaS solution which originates from its powerful matching engine. It matches automatically your data by your predefined rules applying your unique business logic. The solution adapts to your growth curve and can accommodate very large and constantly increasing transaction volumes without compromising performance. Data quality and integrity are guaranteed through the normalization and enrichment functionality.

Oriented towards the self-sufficient business user, ReconArt is a best practice product which means implementing client feedback, staying up-to-date with technology and regulatory developments, and constant reinvestment in improvements without additional cost. We offer flexible deployment options and excellent on-going support. With ReconArt you can count on clear and predictable cost of ownership and attractive ROI.

Find out more: https://www.reconart.com/

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