FIS Launches Optimized Reconciliation Service to Streamline Capital Markets Operations
Jacksonville, Fla., Aug 19, 2025 – FIS® (NYSE: FIS), a global financial technology leader, has introduced its new Optimized Reconciliation Service, a fully managed solution designed to automate and modernize reconciliation workflows for capital markets participants.
The service is targeted at banks, corporations, and financial institutions operating in the capital markets, where reconciliation plays a critical role in ensuring accuracy between internal records and external data sources such as banks, brokers, and counterparties.
Tackling a Long-Standing Back-Office Challenge
Reconciliation remains one of the most complex and time-consuming processes in capital markets. Traditionally, it has involved heavy manual oversight, leaving firms vulnerable to inefficiencies, delays, and regulatory risks. FIS’ new service leverages automation to handle the end-to-end reconciliation process, helping firms achieve up to 98% automated matching rates while cutting down on time spent resolving discrepancies.
“Timely, accurate data is the lifeblood of capital markets,” said Matt Stauffer, Head of Back Office Solutions at FIS. “Yet, many firms remain challenged by exponential growth in data volumes and evolving compliance demands. With this launch, we’re helping organizations move beyond error-prone, manual systems and toward faster, more trusted reporting capabilities.”
Backed by Research and Market Needs
Recent research by FIS, covering more than 1,000 C-suite executives and business leaders, revealed that businesses lose an average of $98.5 million annually due to operational inefficiencies. The findings underscore the financial impact of inaccurate recordkeeping and highlight the need for technology-driven solutions in today’s data-heavy financial environment.
The Optimized Reconciliation Service is backed by financial service level agreements (SLAs) to provide consistent performance standards, offering clients assurance on both speed and accuracy.
Expanding Capital Markets Offerings
This solution marks the fifth capital markets innovation launched by FIS in the past year, reinforcing the company’s strategy to bring greater harmony to the global money lifecycle. By modernizing reconciliation, FIS is aiming to give firms a sharper competitive edge while reducing operational risk in one of the most vital areas of capital markets infrastructure.
Venkat