ReconIQ RFP Toolkit – Retail Banking Reconciliations

Retail Banking Reconciliations – RFP Template

ReconIQ’s Retail Banking Reconciliations RFP Template is a practical, industry-specific framework designed to help retail banks run focused, compliant, and efficient vendor selection processes across high-volume reconciliation environments.

Built on deep experience with retail banking operations, the template reflects the unique challenges of large transaction volumes, customer-facing accuracy, regulatory scrutiny, and legacy system complexity. It helps banks define clear, outcome-driven requirements across payments, cash, suspense accounts, and ledger reconciliations—without defaulting to generic or vendor-led RFP structures.

The template includes:

• Core retail banking reconciliation use cases (payments, cash, suspense, GL, inter-system)

• High-volume and straight-through processing requirements

• Exception management, ageing, and customer impact controls

• Data quality, timeliness, and cut-off alignment

• Regulatory, audit, and evidence retention considerations

• Architecture, scalability, and operational resilience requirements

• Structured scoring criteria to support objective vendor evaluation

Designed to be vendor-agnostic and immediately usable, the RFP template helps retail banks reduce selection risk, improve control outcomes, and ensure reconciliation solutions can scale with transaction growth and regulatory expectations.

Well suited as a standalone procurement asset or as a foundation for a broader Reconciliation Health Check or transformation programme.