Close the day’s reconciliation before the morning team logs in
Recon Engine matches payment gateway, core banking and merchant ledger records three ways, overnight, and hands your operations team a short queue of exceptions with the likely cause already noted.
- Built for
- Banks, payment aggregators, NBFCs and large merchants
- Used by
- Operations, finance and settlement teams
- Plugs into
- Payment gateways, core banking, ERPs and merchant systems
Automated Financial Reconciliation and Settlement Engine
Reconciliation in spreadsheets works until the volume doubles. Then it becomes the backlog.
End-of-day reconciliation across gateways, the bank’s books and merchant ledgers still runs on exported files and lookup formulas in many teams. Breaks pile up, ageing grows, and the same causes repeat.
Recon Engine handles the volume with rules your team can read and change, and keeps the history of every match and every break.
What Recon Engine does
Three-way matching
Gateway, core banking and merchant ledgers matched in one run.
High throughput
Designed for lakhs of records per run, with incremental re-runs.
No-code rules
Match on UTR, amount tolerances, dates and fee logic, written by ops, not developers.
Break classification
Amount mismatch, missing entry, duplicate, late settlement and fee variance.
Ageing and ownership
Every break has an owner and an age, with escalation rules.
Settlement reports
Merchant settlement and GL posting files ready for finance.
Rules your operations team can write and test
Build a rule from conditions, test it on yesterday’s data without posting anything, and send it for approval. Every version is kept, so you can see which rule matched what.
- Dry runs on historical data before a rule goes live.
- Maker and checker approval for every rule change.
- Source connectors for SFTP files, APIs and database views.
What changes for your teams
Smaller morning queue
Only true exceptions reach people, with hints attached.
Fewer spreadsheet errors
Matching logic lives in rules, not in copied formulas.
Every match is traceable
Run logs show which rule matched each record.
You stay responsible, with better tools
Elite Wealth Tech Club is a software company and does not file returns, give legal or regulatory advice, or contact your customers. Rules, templates and formats are configured with your operations and compliance teams, who review and approve every output.
Ready for your IT, security and risk teams
Every product in every suite shares the same enterprise foundation, so a second product goes live faster than the first.
API-first
REST APIs and webhooks for every function, with sandbox keys, so your teams can build on top or embed in existing channels.
Role-based access
Roles, maker and checker steps, branch and team scopes, and field masking for personal data.
Deploy where you need
On your premises, in your private cloud, or hybrid, hosted in India to meet data localisation needs.
Security by design
Encryption in transit and at rest, keys held in your KMS or HSM, and support for your VAPT and vendor-risk review.
Complete audit trail
Every login, change, approval and export logged, read-only, and exportable for audit.
White-label
Your brand, your domain and your app. Customers see your institution, not ours.
Works well with
Products share one login, one data model and one audit trail, so they can be added one at a time.
Try Recon Engine on synthetic data
We set up a sandbox for your team with realistic, fictional data. Test the calculations, download sample reports, and check how it fits your systems before any commitment.