Match.it for the reconciliation of financial transactions at Adepa
“The considerable flexibility and power of the Match.it software was clear right from the first POC. We chose Match.it over other competitors due to its technical features, along with the undisputed know-how and professionalism of the Piteco staff, who made it possible to implement this highly complex project”.
Fabrizio Zingarelli, Liquidity Team Manager at Adepa Italia.
An innovative reconciliation service offered to Italian asset management companies and stock brokerage firms
Adepa Italia relied on Piteco for the implementation of an automatic reconciliation system for transactions on movable assets – securities, bonds, deposits and forex – and for the securities portfolio, between the front-end Bloomberg AIM system and the back-end Temenos-Multifonds system. The goal was to achieve constant alignment between the market platform and NAV calculation data, and thus boost the quality of the underlying administrative services. The Match.it financial transaction reconciliation project took shape in the implementation of a detailed and refined software solution that relies on a highly specialised system of reconciliation rules, based on asset type as well as transaction type, to perform controls as well as integrate any differences between cash movements present in the two different environments.