Use Case : End-of-Day Reconciliation and Oversight

Securities Services clients can use our APIs to retrieve end-of-day (EOD) cash balances and transaction activity across their accounts in different currencies/ locations, streamlining and expediting reconciliation and/ or reporting processes to and ensuring visibility on into daily cash movements. 

The challenge

Clients may rely on manual downloads, host-to-host files, or overnight reporting files to reconcile bank account activity. This creates delays in reconciling with their internal data and subsequent delay actions to investigate and rectify the records. Clients with multiple bank relationships or complex account structures face further fragmentation, making it difficult to achieve timely and accurate oversight of daily cash flows.

The solution

Our API offering provides structured, secure access to clients’ own account balances and transactions as of end-of-day. It includes:

• Cash balance API: returns account balances for the last 30 days.
• Transaction API: returns all posted transactions (debits/credits) for the last 30 days, including key fields such as value date, reference ID (where available), and transaction type.

Benefits

• Automated reconciliation: Replaces manual file handling with API-driven, system-to-system integration.
• Operational efficiency: Reduces errors and time spent chasing missing transactions or statements.
• Improved oversight: Provides a clear, audit-ready view of cash movements across all bank accounts.
• Compliance reporting: Assists with downstream reporting by supplying consistent and traceable data.
• Foundation for future capabilities: Lays the groundwork for integrating intraday data as it becomes available.