BAI Webinar

Driving Efficiency in
the New Normal by
Automating Reconciliation

Presented by:

RECORDED: June 10, 2020
TIME: 1:00 - 2:00 PM CT

The New Normal has changed the way we work and live. It has tested the processes, systems and controls that financial institutions used for years, especially in the back-office. Manual processes are more of a hindrance than ever before.

One back-office function that is highly critical but often very manual is reconciliation. Many financial institutions had to conduct their quarter-end close activities including reconciliation in a remote setting for the first time. While manual reconciliation processes conducted in an office are already highly susceptible to errors and inefficiencies, these activities in a remote setting can lead to irreversible mistakes and weaken the internal controls structure.

Join us for this complimentary BAI webinar, where we'll discuss:

  • The current market trends in reconciliation
  • Why many financial institutions are digitally transforming their back-office functions with a focus on reconciliation
  • The need for automation "now"
  • How you can generate efficiencies in the short term and plan for future growth by automating reconciliation

Clodagh Swennumson
Director, Product Management

As the Product Management Leader for Financial Control Solutions at Fiserv, Clodagh engages with clients across regions and industries to understand and meet their compliance, risk and control needs. Prior to Fiserv she worked for Verizon and Motorola, where she had a strong track record of leading multi-regional teams to create highly profitable product portfolios, growing top line sales and market share, while delighting customers. A native of Dublin, Ireland she has lived and worked in Europe and the US throughout her career.