Overview

Reconciliation is a detailed comparison of two or more sets of data that describe the same transaction. The aim is to ensure that parties on either end of the transaction have the same view of the transaction outcome, and to identify, investigate, and resolve any discrepancies.

Electrum Finance

The Electrum Finance engine performs two-way reconciliation between parties to ensure that the view of transactions from either end is the same.

In a typical scenario, Electrum Finance receives transaction information from both the Electrum customer's back-end processing system and some external system. Electrum then compares the data from the two sources, and assigns a reconciliation status to the transaction based on whether the data from the two parties agrees or disagrees.

You can decide to process recon records using two different methods: file-based uploads or via Kafka events (event postings).