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Revolutionizing

Financial Operations

Enhance your financial workflows with FinBix - the advanced platform for payment orchestration, reconciliation, and financial analytics.

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Leading innovation stack

FinBix Solutions

Business expertise. Breakthrough technology.

ReconX

MasterCard Clearing and Settlement Reconciliation, Apple Pay and QMR reporting and Interchange analytics with profitability analysis

Smart PayOut

Merchant Data and Payout management, routing and orchestration in a number of formats such as Swift, RTGS, GIRO

Corporate Spend Control

Corporate Cards spend control with Base24 integration and MasterCard CDF3 support

Here is why you will

Choose FinBix

80%

Faster

Reconciliation Cycle Time

70%

Reduced

Manual Efforts

65%

Saving

Cost on scheme fees

Exclusive Features

FinBix Advantages

Issuer Reconciliation
Transaction Matching and Drill-down

FinBix ReconX ® provides Net Settlement Drill-down up to a Transaction level, as well as Matching of Clearing with the Authorizations

Data Analytics and Insights

With insights into spend patterns, merchants and IRD - FinBix acts as a powerful tool to forecast financial performance.

Fee Recovery

FinBix identifies and rectifies payment network fee discrepancies, ensuring accurate reimbursement for you.


First Class Data Support
  • Encoding, Format and Protocol conversion
  • MasterCard T112 IPM (EBCDIC and ASCII), T140
  • ISO 20022
  • MT103, MT940, MT202
  • ACH, RTGS
  • Exclusive COBOL files support
  • Custom Plugins
Scalability

Exclusive FinBix Batch ™ technology supports ultra-high TPS due to scalable bulk processing architecture.

Automation

An AI-infused FinBix ASAP Scheduler ™ - leveraging the power of fluent Natural Language Processing (NLP).

Issuer Reconciliation

How Does It Work?

Issuer Reconciliation

Four-Side Issuing Reconciliation

Issuing Reconciliation involves four positions:

  • Clearing (Financial) – member to member
  • Settlement – subset of member to member Clearing (excluding non-settled clearing such as bilateral agreements/H2H) + MC to member (fees)
  • Funds Transfer (MC debit invoice/SWIFT)
  • Card Balance GL portion as per external funds GL accounts (MC receivables/dues)
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Issuer Reconciliation

Payout Orchestration

As a Payout platform, FinBix receives payment instructions from Acquirer Banks and Payment Gateways, enriches the data according to Payee and Beneficiary Bank Details stored in FinBix system, generates Payment Instructions respective to Payout methods such as RTGS, Swift, ACH - and sends these payment instructions to settlement banks.

  • ISO 20022
  • MT103, MT940, MT202
  • ACH, RTGS
  • Exclusive COBOL files support
  • Custom Plugins
Explore Details

Get it done.

Contact FinBix