The reconciliation challenge financial institutions can’t ignore
Every day, financial institutions process transactions arriving from multiple sources – statements, broker files, confirmations, payment feeds – each in a different format, each demanding governance. The workflows built to manage that data have not kept pace. Industry estimates put the cost of cleaning and matching broken data at $50 billion a year, with reconciliation teams spending 30 to 40 percent of their capacity on manual processes rather than risk management or value creation.
Introducing Air: intelligence across the full data lifecycle
Air is an AI-enabled, cloud-native reconciliation and data automation platform from Smartstream, built to restore operational confidence where it matters most. Unlike point solutions or retrofitted automation, Air brings intelligence to every stage of the data lifecycle – connecting sources, standardising inputs, enriching data quality, and ensuring reconciliations run on trusted, explainable information. Its adaptive matching engine combines rules-based logic with machine learning to maximise automated match rates, even in complex multi-leg scenarios.
Every exception is routed through structured workflows with full evidence capture and maker-checker approvals. End-to-end lineage means reporting is always complete, defensible, and audit-ready. Operations managers gain real-time visibility into coverage, root causes, and SLA performance – all within Smartstream’s proven reconciliation platform.
Results that change the operational equation
Air delivers measurable outcomes: up to 90% reduction in manual touchpoints, processing time cut by up to 70%, and operational costs reduced by 20 to 30 percent. Teams that previously spent their capacity reconciling are freed to focus on exception oversight and risk management. To explore what Air can deliver for your operations, contact the Smartstream team.
