Rethinking Reconciliations with Distributed Ledger Technology
Reconciliation solutions have been developed over the years to reduce manual processes, minimize exceptions, and reduce cost – but while increasingly sophisticated, these solutions rely on centralized technology and third parties to help match data and highlight exceptions. The result is a loss of visibility, less control over privacy, and the ongoing risk of delays
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Editorial Team
- April 13, 2021
- 1 minute
Reconciliation solutions have been developed over the years to reduce manual processes, minimize exceptions, and reduce cost – but while increasingly sophisticated, these solutions rely on centralized technology and third parties to help match data and highlight exceptions.
The result is a loss of visibility, less control over privacy, and the ongoing risk of delays and errors throughout the workflow. What if reconciliations were based on truly peer-to-peer information exchange, where verification was completely automated and agreed automatically by counter-parties?
How are new applications using DLT delivering on the vision of trust-less reconciliations? What is the process for creating new decentralized solutions for fast, secure, immutable reconciliations? How can you establish a single source of truth to eliminate reconciliations altogether?
Join R3 and NTT DATA for this informative webinar to find out the answers to these questions and many more. Discover how applications built on DLT:
-Ensure transparency between all parties
-Eliminate the need for third party verification
-Reduce infrastructure and operating costs.
This webinar will take place on April 21 at 11:30 am ET/4:30 pm GMT.
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