Family B · Running products and operations
MeshFin Reconcile
Reconciliation, positions and operations control
Every rail, scheme, custodian and ledger matched as the files arrive, breaks investigated from the source records with the adjustment drafted and evidenced, and the control attestation produced from the system rather than from a sign-off form.
MeshFin Reconcile (MF-15), the service for reconciliation, positions and operations control, is one of the twenty-four MeshFin services, in the "Running products and operations" family, which follows the BIAN Operations and Execution business area. It covers the BIAN service domains Account Reconciliation, Position Keeping, Transaction Engine, Counterparty Administration, Internal Bank Account and Operations Log in whole or in part. Every rail, scheme, custodian and ledger matched as the files arrive, breaks investigated from the source records with the adjustment drafted and evidenced, and the control attestation produced from the system rather than from a sign-off form. It replaces reconciliation tool, break spreadsheets, manual journals and attestations by email. AI agents carry the work end to end; a named person takes every decision with legal or financial effect on a customer, the balance sheet or a regulatory obligation. It is core for a universal and retail bank, core for a mutual and community bank, core for a non-bank lender and fintech.
BIAN service domains this service covers
In the BIAN Operations and Execution business area of the Service Landscape 14.0, in whole or in part. Lay this over your own BIAN map to see what MeshFin Reconcile covers and what stays. BIAN has not reviewed or endorsed MeshFin.
- Account Reconciliation
- Position Keeping
- Transaction Engine
- Counterparty Administration
- Internal Bank Account
- Operations Log
What it replaces
- Reconciliation tool
- Break spreadsheets
- Manual journals
- Attestations by email
What it reacts to
- Settlement or statement file received
- Break detected
- Break ages past a threshold
- Period end
- Rail or counterparty outage
The agents that carry it
Matching agent
Matches internal and external records across every rail, scheme, custodian and ledger as the files arrive.
Break agent
Investigates each break from the source records and drafts the adjustment with the evidence attached.
Control agent
Reports open breaks by age and value, escalates on the schedule and produces the control attestation evidence.
Where a person decides
No decision with legal or financial effect on a customer, the balance sheet or a regulatory obligation is taken by an agent alone. In MeshFin Reconcile, these decisions are held for a named person, with the agent's evidence and recommendation attached.
| Decision | Who decides | Why a person |
|---|---|---|
| Posting an adjustment above the threshold | Operations manager | Financial effect |
| Write-off of an aged break | Delegated officer | Irreversible |
Records it writes
Match record · Break file · Adjustment with evidence · Control attestation
Before MeshFin: the baseline this service is measured against
Illustrative figures for a mid-sized institution on the systems the service replaces. Sample data, not a customer's. A live service reports what its agents are doing instead.
Reconciliations a day
410
across rails, schemes and custodians
Matched automatically
93%
today; the rest by hand
Breaks over 30 days
1,900
open today
Attestation evidence
a form
today, not the system
Institutions: core for a universal and retail bank, core for a mutual and community bank, core for a non-bank lender and fintech. Universal and retail bank ● · Mutual and community bank ● · Non-bank lender and fintech ●.
Questions banks ask about MeshFin Reconcile
- What does MeshFin Reconcile do?
- MeshFin Reconcile is the MeshFin service for reconciliation, positions and operations control. Every rail, scheme, custodian and ledger matched as the files arrive, breaks investigated from the source records with the adjustment drafted and evidenced, and the control attestation produced from the system rather than from a sign-off form. It reacts to events such as settlement or statement file received, break detected and break ages past a threshold, and writes match record, break file, adjustment with evidence and control attestation as records.
- Which BIAN service domains does MeshFin Reconcile cover?
- Account Reconciliation, Position Keeping, Transaction Engine, Counterparty Administration, Internal Bank Account and Operations Log, in the BIAN Operations and Execution business area, in whole or in part. The mapping is to the published BIAN Service Landscape; BIAN has not reviewed or endorsed MeshFin.
- What systems does MeshFin Reconcile replace?
- Reconciliation tool, Break spreadsheets, Manual journals and Attestations by email. Because the service runs on the MeshFin platform, the licence, integration and upgrade costs of those systems retire with them.
- What do the AI agents do in reconciliation, positions and operations control?
- The matching agent matches internal and external records across every rail, scheme, custodian and ledger as the files arrive. The break agent investigates each break from the source records and drafts the adjustment with the evidence attached. The control agent reports open breaks by age and value, escalates on the schedule and produces the control attestation evidence.
- Which decisions does a person still take?
- Agents never take a decision with legal or financial effect on a customer, the balance sheet or a regulatory obligation. In MeshFin Reconcile, a person decides posting an adjustment above the threshold (operations manager) and write-off of an aged break (delegated officer). The record shows who decided, why, on what evidence and under which delegation.