Case Study: Wibond achieves automated transaction reconciliation with Simetrik

Wibond eliminates manual validations with Simetrik and reaches 100% reconciliation by direct identifier

Wibond, a Fintech-as-a-Service platform, faced significant operational challenges due to its manual process of validating transactions from multiple payment providers. Without a unified or automated reconciliation model, the lean finance team was burdened with repetitive tasks and had no scalable infrastructure to support the company's growth. They partnered with Simetrik to implement an automated solution using its reconciliation engine.

Simetrik provided a scalable reconciliation engine that automated the validation process by matching transactions by unique identifier across providers like BIND, Pomelo, and TAPI. This solution delivered full visibility through operational dashboards and eliminated 100% of manual validations. The implementation provided Wibond with a traceable model and an architecture ready to seamlessly onboard new providers.

Wibond