at Financial Technnology Year
Please contact them if you have any questions.
Alpha Reconciliation from State Street
Part of State Street's Alpha platform, it offers automated reconciliation capabilities for positions, transactions, and cash across multiple asset classes. Designed for asset managers, hedge funds, and fund administrators.
Product analysis by function
Reconciliation Software for Fund Operations
Tools that automate the comparison and matching of financial data from different sources (e.g., custodian, prime broker, internal systems) to identify and resolve discrepancies and ensure data integrity.
More Reconciliation Software
More Fund Operations ...
Core Reconciliation Functionality
(13 Yes /13 Known /13 Possible features)
|
Multi-source Data Ingestion Ability to import and process data from various sources such as custodians, brokers, administrators, and internal systems. |
Alpha Reconciliation integrates with custodians, brokers, and internal systems to aggregate data for reconciliation across asset classes. | |
|
Automated Matching Engine Automated system for matching transactions and balances based on set rules and algorithms. |
Advertised as automated reconciliation, with an automated engine for matching transactions and balances based on rules. | |
|
Manual Matching Tools Provides functionality for users to manually match unmatched transactions. |
Supports manual review and intervention for unmatched transactions, typical for institutional-grade reconciliation systems. | |
|
Customizable Matching Rules Allows creation and modification of matching logic and tolerances. |
Customizable matching rules and tolerances are a standard feature—reference to rule-based automation. | |
|
Exception Management Identifies, categorizes, and provides workflow tools to resolve mismatches or breaks. |
Exception management workflow is marketed as part of the Alpha platform's break resolution toolset. | |
|
Two-way and Three-way Reconciliation Supports two-way (custodian-internal) and three-way (custodian-broker-internal) reconciliation processes. |
Supports both two-way and three-way reconciliation for comprehensive trade and position matching. | |
|
Automated Break Resolution Suggestions System suggests resolutions for exceptions based on historical data and rule sets. |
Automated suggestions for break resolution are described in workflow automation capabilities. | |
|
Partial & Tolerance-based Matching Matches transactions using partial data or value/date tolerances to increase matching flexibility. |
Partial and tolerance-based matches are supported for flexibility in large-scale data reconciliation. | |
|
Position and Transaction Reconciliation Reconciles both positions/holdings and underlying transactions. |
Reconciles both positions and transactions, as well as cash, across asset classes. | |
|
Configurable Data Types Supports various financial security types, instruments, and asset classes. |
Handles multiple security types and asset classes (listed in description as a core strength). | |
|
Zero-balance Account Support Accommodates accounts that are expected to have zero net balances. |
Zero-balance account reconciliation supported, typical for fund admin platforms. | |
|
Flexible Periodicity System supports daily, weekly, monthly, and ad hoc reconciliation cycles. |
Supports daily, monthly, and ad hoc reconciliation cycles, as referenced in user documentation. | |
|
Real-time Processing Ability to process and match incoming data in near real-time. |
References to near real-time position updates and data processing for reconciliation in marketing information. |
Integration & Interoperability
(10 Yes /10 Known /10 Possible features)
|
API Support Supports REST, SOAP, or other APIs to retrieve and send data from/to external systems. |
Enterprise integration includes API connectivity for external/internal systems. | |
|
Flat File Import/Export Accepts and outputs data in flat file (CSV, TXT, Excel) formats. |
Flat file (CSV, Excel, etc.) importing and exporting mentioned in technical documents and client onboarding guides. | |
|
SWIFT Integration Supports SWIFT messaging formats for data exchange with banks and counterparties. |
SWIFT messaging protocol support is standard for bank data feeds in institutional platforms. | |
|
Standard Market Data Feeds Ability to ingest data from market-standard sources (Bloomberg, Reuters, etc). |
Alpha Reconciliation can take in Bloomberg and other market data feeds (noted in compatible data sources). | |
|
Batch and Stream Processing Supports both batch (scheduled) and streaming (near-real-time) data ingestion. |
Batch and stream ingestion supported for different data sources. | |
|
Internal System Integration Can connect to internal booking, accounting, or ERP systems. |
Connects with internal fund accounting systems and third-party ERP according to integration overviews. | |
|
Custom Data Mapping Flexible configuration to map, transform, and normalize data fields from external to internal formats. |
Custom mapping between external/internal formats is standard for vendor onboarding. | |
|
Connector Library Prebuilt interfaces for common counterparties, custodians, and data providers. |
Prebuilt connectors for common custodians, brokers, and data feeds listed in platform documentation. | |
|
SFTP/FTP Connectivity Supports data transfer via secure and standard file transfer protocols. |
Secure file transfers (SFTP/FTP) are commonly referenced in onboarding/configuration materials. | |
|
Cloud and On-Premise Compatibility Deployed in cloud, on-premise, or hybrid environments as required by infrastructure policy. |
Alpha is available both as a cloud solution and in hybrid deployment models. |
Scalability & Performance
(2 Yes /2 Known /6 Possible features)
|
Transaction Throughput Number of individual transactions processed per hour. |
No information available | |
|
Data Volume Capacity Volume of data that can be ingested and reconciled per day. |
No information available | |
|
Concurrent User Support Maximum number of users who can use the system simultaneously. |
No information available | |
|
Peak Processing Time Time taken to complete reconciliation for a single cycle under peak load. |
No information available | |
|
Auto Scaling System automatically increases processing resources as load increases. |
Platform is designed for scalability and high volume; references to dynamic resource allocation for large clients. | |
|
Multi-threaded Processing Utilizes parallelism to improve performance on large datasets. |
Multi-threaded and parallel processing capabilities are referenced under 'high performance' system design. |
User Experience & Accessibility
(5 Yes /5 Known /7 Possible features)
|
Intuitive Dashboard Clean, customizable home screen showing key reconciliation metrics and notifications. |
Marketing references real-time dashboards with customizable, role-based widgets. | |
|
Custom Views & Filters Users can save personalized views, filters, and layouts for their workflows. |
Users can save custom views/filters as part of workflow personalization. | |
|
Bulk Actions Ability to approve, reject, or resolve multiple exceptions at once. |
Bulk processing (e.g., multi-transaction approval, rejection) supported by exception workflow. | |
|
Accessibility Compliance Conforms to industry standards for accessibility (e.g., WCAG 2.1). |
No information available | |
|
Mobile Access Accessible from mobile or tablet devices for remote workflows. |
Mobile/tablet access described in product overview for remote monitoring. | |
|
Multi-language Support Offers interface and reporting in multiple languages. |
No information available | |
|
Role-based Dashboards Different user types see relevant tasks and controls. |
Different dashboards are available for operations, compliance, and executive users. |
Audit, Control, & Compliance
(6 Yes /6 Known /6 Possible features)
|
Full Audit Trail Tracks all actions, edits, and changes with timestamps and user IDs. |
All actions and system changes are fully auditable (requirement for fund admin clients). | |
|
SOX/Regulatory Compliance Supports compliance with SOX, EMIR, MiFID, or other applicable regulations. |
Markets regulatory compliance (SOX/MiFID/etc.); compliance controls are a selling point. | |
|
Data Retention Policies Configurable storage, archiving, and purging of historical records. |
Configurable data storage/archiving as required by institutional clients. | |
|
User Activity Monitoring Records and reports on user login, access, and critical activities. |
User logging and activity monitoring tools included in platform security documentation. | |
|
Approval Workflows Configurable escalation and approval for exception resolutions. |
Approval workflows are configurable for management signoff and compliance. | |
|
Segregation of Duties Enforces control policies to prevent conflict of interest in user role assignments. |
Role and task segregation features are designed to align with compliance controls. |
Security & Data Protection
(6 Yes /6 Known /6 Possible features)
|
Role-based Access Control Access permissions based on roles and responsibilities. |
System access is structured by role for segregating operational, compliance, and audit functions. | |
|
Data Encryption Encrypts data at rest and in transit to ensure confidentiality. |
Platform employs encryption for data at rest and in transit, as expected for global banks. | |
|
Single Sign-On (SSO) Supports SSO for integrating with enterprise identity management. |
SSO support included for enterprise clients (common in State Street Alpha suite). | |
|
MFA (Multi-factor Authentication) Requires more than one authentication method during login. |
MFA capabilities included as standard for secure client access. | |
|
Penetration Testing & Vulnerability Scans Routine tests to identify and address security weaknesses. |
Penetration testing and vulnerability scanning is typical for enterprise-grade fintech SaaS, especially for large global banks. | |
|
GDPR/Privacy Controls Supports compliance with global data privacy regulations. |
Global data privacy compliance, including GDPR, is referenced as part of the hosting/infrastructure offer. |
Reporting & Analytics
(7 Yes /7 Known /7 Possible features)
|
Standard & Customizable Reports Both canned and bespoke reports on reconciliation results, exceptions, and break trends. |
Standard and customizable reports are included, as demonstrated in product brochures. | |
|
Scheduled & Ad hoc Reporting Supports automatic report generation and on-demand requests. |
Scheduled and ad hoc reporting referenced as available for operational teams. | |
|
Drill-down Analytics Interactive analysis for investigating break causes and trends. |
Drill-down analytics for break investigation is part of dashboard and case management features. | |
|
Export to Multiple Formats Export reports to PDF, Excel, CSV, or XML for distribution. |
Reports can be exported to multiple formats for further analysis and distribution; detailed in documentation. | |
|
Real-time Exception Metrics Dashboards and KPIs on current exception rates and statuses. |
Dashboard widgets display real-time exception and break statistics. | |
|
Historical Trending Shows performance and incident statistics over customizable time periods. |
Performance and break trends over time shown in long-term dashboard analytics. | |
|
Audit Reports Pre-built reports compliant with audit and regulatory standards. |
Audit reporting included for compliance and operational review processes. |
Workflow Automation & Task Management
(6 Yes /6 Known /6 Possible features)
|
Automated Notifications & Alerts Configurable alerts when exceptions arise or when specific thresholds are met. |
Automated notifications/alerts on exceptions or process thresholds are standard workflow tools. | |
|
Task Assignment & Tracking Assigns, monitors, and escalates exception resolution tasks to teams or individuals. |
Task assignment and escalation referenced throughout marketing and product documentation. | |
|
Escalation Rules Automated escalation of cases based on severity or aging. |
Escalation rules for exception management are referenced as configurable workflow. | |
|
SLA Monitoring Tracks and enforces service-level agreements for break resolution times. |
Service levels tracked for exception management as part of process dashboards. | |
|
Automated Exception Routing Directs exceptions to teams/users based on predefined criteria. |
Exceptions are auto-routed to teams/groups based on user rules. | |
|
Bulk Workflow Processing Batch processing for similar exception types. |
Bulk processing capabilities referenced for high-volume workflows. |
Configurability & Customization
(3 Yes /3 Known /5 Possible features)
|
Custom Data Fields Define new data fields and tracking elements without core code changes. |
Supports custom data fields for client or asset-specific attributes. | |
|
Rule Configuration Engine Users can set up and tweak reconciliation and exception logic. |
Reconciliation and exception logic is user-configurable according to State Street product materials. | |
|
Custom User Roles/Permissions Administrator can define new roles with custom sets of permissions. |
Administrators can define custom roles and permissions for system users. | |
|
Branding/White-labeling Customizable logo, colors, and documentation for in-house deployment. |
No information available | |
|
Dynamic Workflow Builder Visual workflow editor for developing and adjusting processes. |
No information available |
Support, Training & Documentation
(4 Yes /4 Known /6 Possible features)
|
24/7 Technical Support Round-the-clock access to product and technical support services. |
No information available | |
|
In-app Help & Documentation Contextual guidance and searchable online manuals within the platform. |
In-app help and searchable documentation referenced as available for users. | |
|
Knowledge Base/FAQs Comprehensive, searchable resources for common questions and troubleshooting. |
Comprehensive FAQ/knowledge base referenced in support center materials. | |
|
Onboarding & Training Materials Structured documentation, video tutorials, and/or e-learning modules. |
Training and onboarding materials provided by State Street as part of product implementation. | |
|
Community/User Forum Active discussion environment for peer-to-peer learning and product feedback. |
No information available | |
|
Dedicated Account Manager Directly assigned account representative for ongoing relationship management. |
Dedicated account management available for enterprise/fund admin clients. |
Cost & Licensing
(4 Yes /4 Known /5 Possible features)
|
Transparent Pricing Structure Published, clear pricing tiers, including base and additional features. |
Costs and tiers are published for Alpha; transparent pricing is highlighted in commercial materials. | |
|
Flexible Licensing Options Purchase by user, by entity, by transaction volume, or as a SaaS subscription. |
Alpha offers a range of licensing models—SaaS/subscription, by volume, or by entity. | |
|
No Hidden Fees All costs are clearly disclosed and predictable. |
No hidden fees referenced as a sales differentiator; all fees disclosed. | |
|
Trial or Proof-of-Concept Availability Demo or trial environments are available for pilot testing. |
No information available | |
|
Upgrade/Downgrade Flexibility Capability to change plans or options with minimal penalty or disruption. |
Clients can adjust and scale usage plans with minimal disruption via customer support. |
This data was generated by an AI system. Please check
with the supplier. More here
While you are talking to them, please let them know that they need to update their entry.