openrekon

Reconciliation Infrastructure for Payment Service Providers

Gain full visibility and control across bank, mobile money, and card settlements without manual spreadsheet matching

screenshot of dashboard matched recon records

Built for PSPs handling high daily transaction volumes and multi-partner integrations

CORE FEATURES

A Dedicated Reconciliation Layer for PSP Operations

Reecon provides structured, rule-driven reconciliation across all your settlement sources. Ingest reports from multiple providers, configure precise matching logic, and automatically reconcile internal records against external statements in minutes.

Multi-Source Ingestion

Connect settlement reports from banks, mobile money operators, and card processors via CSV, API, or SFTP

Automated Matching

Rule-driven transaction matching across multiple partners with configurable logic based on IDs, amounts, and timestamps

Exception Prioritization

Intelligent clustering of breaks based on material impact, not random order. Surface critical discrepancies first

Settlement Visibility

Track gross vs net settlement, fee deductions, and outstanding variances with real-time dashboards

Compliance Ready

Full audit trails, time-stamped activity logs, and exportable reports for internal and external audits

High-Volume Processing

Built to handle tens of thousands to hundreds of thousands of daily transactions without performance degradation

98%

Average match rate

5 secs

Average reconciliation time

40hrs

Saved per month

100%

Audit trail coverage

Process

How It Works

1

Connect Data Sources

Upload files via CSV, SFTP, or API integration from all settlement partners

2

Define Matching Rules

Configure reconciliation logic based on transaction attributes and partner specifications

3

Automatic Reconciliation

System executes matching across all sources, identifying breaks in real-time

4

Review Prioritized Exceptions

Finance team resolves clustered breaks efficiently with full context

Security & Controls

Infrastructure-Grade Security

End-to-End Encryption

All data encrypted in transit and at rest using industry-standard protocols

Role-Based Access (RBAC)

Granular permissions control for viewing, editing, and approving reconciliations

Complete Audit Logs

Immutable record of all system actions for compliance and forensic analysis

Data Privacy Controls

Configurable data retention and deletion policies aligned with regulations

Strengthen Settlement Control

Move from reactive reconciliation to proactive settlement management.