Automating Financial Reconciliation for Banking-as-a-Service

Client: Intergiro

Product Development for Ledger & Core Banking - Payment processor, merchant acquirer /Banking as a Service Reconciliation Made Easy with Intergiro

Develop an automated reconciliation framework to streamline financial processes, reduce manual effort, and improve accuracy in transaction matching across Intergiro’s banking-as-a-service platform. This initiative aimed to enhance compliance, mitigate fraud risks, and support seamless financial reporting.

Intergiro’s existing reconciliation process was highly manual, leading to inefficiencies, increased financial risk, and compliance challenges. Transactions across multiple financial products, including corporate cards, payment rails, and internal transfers, required a scalable system to manage discrepancies and ensure alignment between internal and external records.

We built an automated reconciliation system to address these challenges to optimize financial accuracy and operational efficiency. The solution included:

Implementing a rule-based engine to match transactions across various financial ledgers.

Automating the reconciliation of corporate card transactions by assigning unique identifiers per cost centre.

Establishing a global pending wallet system to centralize transaction handling and reduce errors.

Integrating dynamic reporting tools for financial oversight and regulatory compliance.

Enhancing fraud monitoring through automated alerts for mismatched transactions.

1. Transaction & Wallet Automation

Automated incoming recall processing to improve transaction dispute handling.

Enabled full automation for rejecting SEPA incoming transactions to reduce manual intervention.

Standardized label assignment for internal transactions to improve categorization and reporting.

Developed a new fee refund flow allowing partial refunds on transaction fees.

Created a global pending wallet for incoming and outgoing transactions, replacing individual customer wallets to improve liquidity tracking.

Resolved DLQ wallet issues by fixing transaction system discrepancies and reducing reconciliation workload.

Automated custom invoice generation for blocked customers to ensure seamless financial operations.

Developed an operational wallet for platform funds management.

Enhanced fee wallet functionality to improve tracking and reconciliation of platform fees.

Reduced manual reconciliation effort by automating transaction matching and dispute handling.

Enhanced fraud detection through real-time anomaly monitoring.

Improved financial accuracy and compliance with automated reconciliation workflows.

Streamlined corporate expense management, improving transparency and reporting.

Increased efficiency in handling operational and fee-related funds through dedicated wallet management.

Technologies: Python, SQL, AWS, SEPA, SWIFT, RIX/Swedish Clearing House.

Methodologies: Agile development, compliance-driven automation, rule-based reconciliation.

Automation: AI-powered fraud detection, automated transaction rejection, dynamic reporting.

Security Measures: GDPR-compliant data handling, secure API integrations, AML compliance.

This project highlights expertise in automating financial reconciliation, ensuring compliance, and improving banking-as-a-service operational efficiency at Intergiro.