Author: Erik Edin
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Four checks to know if your payments engine is a liability
Are you working for a fintech with an in-house payments system? You might be in trouble. Most successful fintechs arrive at a point where someone is asking why the numbers don’t add up, and no one is quite sure why. The basic payment flows are usually not the problem. However, bounce backs, manual corrections, system…
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The basics of payment reconciliation for Fintechs
Reconciliation is the process of verifying that the numbers are correct. In accounting, this has typically meant matching expenses against the bank statement. If a line on the bank statement can’t be matched against an accounting entry, you have a break in your reconciliation. The accountant would then ask whoever is in charge of the…