Dublin, 4th November 2021 - Fund Recs today announced that CleverCards, the Irish based global payments platform that enables businesses and governments to send digital Mastercards instantly to employees, customers or suppliers has gone live with the Fund Recs Velocity platform to automate their transaction reconciliations.
Velocity is a set of cloud-based software modules that helps Payment Providers, 3rd Party ManCos, AIFMs, Investment Managers and Fund Administrators to automate data processing and achieve straight through reconciliations in their middle and back offices.
Fund Recs’ Velocity reconciliation module will support the oversight requirements for CleverCards, ensuring that all transaction data reported is complete, accurate and timely.
Fund Recs CEO, Alan Meaney, said: “We are really excited to be partnering with CleverCards as they continue to expand within the global e-payments industry. Enabling automation around reconciliations and reporting will allow CleverCards to focus on advancing their current service offering. Having oversight of all daily transactions is a key focus for firms within this industry and we are continuing to invest heavily in our solution to ensure our client’s oversight obligations are met with ease.”
About Clever Cards
CleverCards is the leading global platform for mobile-enabled digital payments. An innovative solution to existing and emerging payments challenges, from expense management and insurance payouts to welfare payments, gig economy payments and gift, incentives, and rewards, it is used around the world by businesses and Governments to send digital Mastercards instantly to employees, customers or suppliers by SMS, WhatsApp or email, which can be spent online or in-store using Apple pay, Google Pay or Samsung Pay.
The CleverCards platform makes the instant generation and distribution of mobile payment cards possible. A Platform-as-a-Service (PaaS) solution that your business can plug & play to generate, distribute & manage worldwide payment cards for any use case you can imagine. Send-Receive-Pay. Instantly. Find out more at: https://clevercards.com/
About Fund Recs
Fund Recs is the doing platform for funds. We translate complex workflows into a series of simple actions to help people manage, move, and reconcile their fund data at scale. Founded in Ireland in 2013, the clients we serve are spread across the world and our remote-first team continues to grow to help meet the challenges of doing business, meeting regulations, and scaling through people and technology.