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Commonwealth Bank of Australia Selects FIS Platform to Automate Reconciliation

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Commonwealth Bank of Australia (ASX:CBA) selected FIS Data Integrity Manager, provided by New York Stock Exchange-listed FIS, to consolidate and automate reconciliation across the bank, according to a Monday statement from FIS.

The platform, delivered as software-as-a-service via Microsoft Azure, is expected to process over 150 million transactions per day. Upgrades to the platform will be managed by FIS.

It uses real-time visibility, with automated alerts for discrepancies, FIS said.

The bank's shares fell 1% in recent trading on Monday.

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