FIS selected by Commonwealth Bank of Australia to streamline reconciliations

FIS (FIS) has been selected by the Commonwealth Bank of Australia to streamline reconciliations through FIS Data Integrity Manager, the company announced. The fully-hosted solution will process over 150 million transactions per day, the company stated. Andres Choussy, President, Capital Markets at FIS, said: “FIS is proud to partner with CommBank to deliver a cutting-edge reconciliation solution that meets the demands of a rapidly evolving financial landscape. By bringing reconciliation onto a single, intelligent platform, we are enabling CommBank to unlock seamless integration and operational efficiency while ensuring the stability, security, and compliance essential to supporting Australia’s largest bank.”