Intellect Treasury (Capital Cube) is identified as a Key Reconciliation Solution in Celent’s report titled ‘Revisiting Reconciliations in the Capital Markets

The report says Intellect added corporate actions and income payments reconciliation for private banking business line, account proofing reconciliations of all types of accounts, and risk analytics and position reporting for regulatory needs. Developed support for processing unstructured data through its AI-driven platform, example use cases include extracting key information on corporate action from market bulletins, and creating structured client instructions based on email or faxes.

Introduced Intellect Olive Fabric, a low-coding enterprise integration framework, to simplify the interfacing efforts. Future focus on parsing data for reconciliation by reading PDF files and through connectors to screen-scraping technologies, combining RPA and AI to target automated closure of up to 80% recon breaks.