KPAX Brings Data Reconciliation Product to the Cloud

Platform enables users to automate analysis of multiple file.

KPAX presented its new product at Finovate Europe in London.

KPAX hosted services, which have been used by seven large financial institutions, are now available online. The tool allows users to compare, match and reconcile financial data of any size in formats including CSV, TXT, SQL and SWIFT.

Rabobank's UK arm has been using the automated KPAX Pro solution for regression testing purposes on its foreign exchange and money markets holdings, and was able to significantly reduce the time spent from 81 to five days.

"KPAX can also be used as a database techn

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