# Spending on reconciliation technologies up 10% by 2009

BOSTON – The availability of advanced third-party reconciliation systems applicable across a wider range of complex data sets will prompt investment managers to increase their spending on these technologies from $212 million this year to$280 million by 2009.

A recent TowerGroup report, Reconciliation Technology: Advancing Beyond Cash and Securities Reconciliation, notes that buy-side firms have begun extending their use of reconciliation software from conventional back-office functions of

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#### Waters Wavelength

###### Wavelength Podcast Ep. 218: David Hardoon on AI's Unforeseen Challenges

David Hardoon was formerly at the Monetary Authority of Singapore and is now helping the UnionBank of the Philippines build out its AI strategy.