{"id":15584,"date":"2021-09-02T13:31:49","date_gmt":"2021-09-02T13:31:49","guid":{"rendered":"https:\/\/mapfintech.com\/?p=15584"},"modified":"2022-03-04T11:53:44","modified_gmt":"2022-03-04T11:53:44","slug":"why-strengthening-reconciliation-functions-can-help-companies-remain-compliant","status":"publish","type":"post","link":"https:\/\/complyport.com\/transaction-reporting\/why-strengthening-reconciliation-functions-can-help-companies-remain-compliant\/","title":{"rendered":"Why Strengthening Reconciliation Functions Can Help Companies Remain Compliant"},"content":{"rendered":"<p>As part of a RegTech Analyst article, MAP FinTech\u2019s UK business development manager Mark Ellis commented on how MAP FinTech thinks firms can maintain regulatory compliance considering the ongoing evolution of regulator attitudes.<\/p>\n<p>According to Mark Ellis, RegTech companies should be &#8216;frontrunning&#8217; on reconciliation and artificial intelligence. He believes RegTech companies are well placed to provide solutions to <a href=\"https:\/\/mapfintech.com\/kyc-aml-transaction-monitoring\/\">AML<\/a> issues due to their operational efficiency with many companies taking stock of new opportunities as they adjust to the Covid-19 pandemic.<\/p>\n<p>He also said that MAP FinTech is using this time to tackle complacency by strengthening its offerings. In late 2020, MAP FinTech expanded its partnerships with <a href=\"https:\/\/mapfintech.com\/map-fintech-integrates-with-unavista-tr-for-emir-reporting\/\">UnaVista<\/a> and <a href=\"https:\/\/mapfintech.com\/map-fintech-integrates-with-dtccs-global-trade-repository-for-asic-reporting-in-australia\/\">DTCC<\/a> and is in discussions with several market participants over future collaborations. Read the full article here.<\/p>\n<p>Read the full article <a href=\"https:\/\/member.regtechanalyst.com\/why-strengthening-reconciliation-functions-can-help-companies-remain-compliant-in-regtech\/?utm_source=website&amp;utm_id=MFT+\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><a class=\"maxbutton-8 maxbutton maxbutton-ftca-crs\" href=\"https:\/\/mapfintech.com\/contact-us\/\"><span class='mb-text'>Contact us<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As part of a RegTech Analyst article, MAP FinTech\u2019s UK business development manager Mark Ellis commented on how MAP FinTech thinks firms can maintain regulatory compliance considering the ongoing evolution of regulator attitudes. According to Mark Ellis, RegTech companies should be &#8216;frontrunning&#8217; on reconciliation and artificial intelligence. He believes RegTech companies are well placed to provide solutions to AML issues due to their operational efficiency with many companies taking stock&#8230;<\/p>\n","protected":false},"author":5,"featured_media":15587,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[242],"tags":[],"class_list":["post-15584","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-media"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Why Strengthening Reconciliation Functions Can Help Companies Remain Compliant<\/title>\n<meta name=\"description\" content=\"Strengthening reconciliation functions can help companies remain compliant. Read the full article at regtechanalyst.com.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/complyport.com\/transaction-reporting\/why-strengthening-reconciliation-functions-can-help-companies-remain-compliant\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why Strengthening Reconciliation Functions Can Help Companies Remain Compliant\" \/>\n<meta property=\"og:description\" content=\"Strengthening reconciliation functions can help companies remain compliant. Read the full article at regtechanalyst.com.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/complyport.com\/transaction-reporting\/why-strengthening-reconciliation-functions-can-help-companies-remain-compliant\/\" \/>\n<meta property=\"og:site_name\" content=\"\u039c\u0391\u03a1 FinTech - Global Regulatory Reporting Provider\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-02T13:31:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-04T11:53:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/complyport.com\/transaction-reporting\/wp-content\/uploads\/2021\/09\/RegTech-Analyst-logo.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"580\" \/>\n\t<meta property=\"og:image:height\" content=\"330\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"andreas kililis\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@mapfintech\" \/>\n<meta name=\"twitter:site\" content=\"@mapfintech\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"andreas kililis\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/complyport.com\/transaction-reporting\/why-strengthening-reconciliation-functions-can-help-companies-remain-compliant\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/complyport.com\/transaction-reporting\/why-strengthening-reconciliation-functions-can-help-companies-remain-compliant\/\"},\"author\":{\"name\":\"andreas kililis\",\"@id\":\"https:\/\/complyport.com\/transaction-reporting\/#\/schema\/person\/9bd319fdae6a0267a5bc69da9db6c02e\"},\"headline\":\"Why Strengthening Reconciliation Functions Can Help Companies Remain Compliant\",\"datePublished\":\"2021-09-02T13:31:49+00:00\",\"dateModified\":\"2022-03-04T11:53:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/complyport.com\/transaction-reporting\/why-strengthening-reconciliation-functions-can-help-companies-remain-compliant\/\"},\"wordCount\":142,\"publisher\":{\"@id\":\"https:\/\/complyport.com\/transaction-reporting\/#organization\"},\"image\":{\"@id\":\"https:\/\/complyport.com\/transaction-reporting\/why-strengthening-reconciliation-functions-can-help-companies-remain-compliant\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/complyport.com\/transaction-reporting\/wp-content\/uploads\/2021\/09\/RegTech-Analyst-logo.jpg\",\"articleSection\":[\"Media\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/complyport.com\/transaction-reporting\/why-strengthening-reconciliation-functions-can-help-companies-remain-compliant\/\",\"url\":\"https:\/\/complyport.com\/transaction-reporting\/why-strengthening-reconciliation-functions-can-help-companies-remain-compliant\/\",\"name\":\"Why Strengthening Reconciliation Functions Can Help Companies Remain Compliant\",\"isPartOf\":{\"@id\":\"https:\/\/complyport.com\/transaction-reporting\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/complyport.com\/transaction-reporting\/why-strengthening-reconciliation-functions-can-help-companies-remain-compliant\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/complyport.com\/transaction-reporting\/why-strengthening-reconciliation-functions-can-help-companies-remain-compliant\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/complyport.com\/transaction-reporting\/wp-content\/uploads\/2021\/09\/RegTech-Analyst-logo.jpg\",\"datePublished\":\"2021-09-02T13:31:49+00:00\",\"dateModified\":\"2022-03-04T11:53:44+00:00\",\"description\":\"Strengthening reconciliation functions can help companies remain compliant. 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