Blog Post

The "Float vs. Reality" Gap

The core challenge for any mobile money provider is the disconnect between their internal digital ledger (what users see on their screens) and the actual bank accounts holding the funds (the trust accounts). This is often referred to as the "Float Reconciliation" problem.

Unlike traditional banking where settlement happens in batches at the end of the day, mobile money users expect instant liquidity. A delay in reconciling the float account with a partner bank or telco can lead to service outages where agents cannot dispense cash, or worse, regulatory fines for failing to safeguard customer funds. The "Leading" tools in this space are those that have moved beyond "T+1" (next day) settlement to near real-time verification.

Top 5 Reconciliation Platforms for 2026

We have selected these platforms based on their ability to handle high transaction volumes (TPS), their flexibility with non-standard data (like API JSON logs vs. SWIFT MT940), and their specific utility for the fintech sector.

1. Reconwizz

Best For: Complex, Multi-Rail Payment Aggregation.

Reconwizz has positioned itself as the "Agile Specialist" for the fintech world. Digital wallets often integrate with dozens of disparate partners—Telcos (M-Pesa, Airtel), Switches (Interswitch, NIBSS), and Card Schemes (Visa, Mastercard). Reconwizz excels here because its data ingestion engine is agnostic. It can ingest a messy CSV from a local aggregator, merge it with a clean ISO 20022 stream from a bank, and reconcile them in minutes.

• Key Differentiator: Its "Float Monitor" dashboard provides a live view of liquidity across all trust accounts, alerting operations teams before an account runs dry.

This capability is also critical for Microfinance Institutions managing agent networks.

2. Kani Payments

Best For: Reporting & Compliance for Issuers.

Kani has made a name for itself by solving the complex reporting requirements of Visa and Mastercard (QMR and GOC reports). For digital wallets that issue virtual or physical cards, Kani is a lifesaver. It automates the ingestion of the massive transaction files from schemes and processors, reconciling them down to the penny. It is less of a generalist ledger tool and more of a specialized "Scheme Reconciliation" powerhouse.

3. Solvexia

Best For: Automation of Legacy Spreadsheet Processes.

Many digital wallets, despite their modern front-ends, still run back-office operations on Excel. Solvexia is excellent for transitioning these teams to automation without requiring a full software development project. It acts as a "wrapper" around existing processes, automating the data fetch and matching logic. It’s ideal for mid-sized providers who need auditability but aren't ready for a massive ERP implementation.

Similar to how it aids Banks, Solvexia provides a gentle path to automation.

4. Duco

Best For: Data Agnostic Reconciliation.

Duco is a cloud-native platform that prides itself on being able to reconcile "anything with anything." For digital wallets dealing with crypto-fiat bridges or complex loyalty point systems, Duco’s flexibility is unmatched. It uses machine learning to suggest match rules, which is incredibly useful when onboarding new, non-standard payment partners rapidly. It empowers the operations team to build their own reconciliations without waiting for IT.

5. BlackLine

Best For: The "Financial Close" and Governance.

While often seen as a tool for traditional corporations, BlackLine remains the gold standard for final GL attestation. For large, publicly traded fintechs, the "wild west" of transaction data must eventually be tamed into a compliant Balance Sheet. BlackLine connects the high-volume operational data (perhaps processed by another tool) to the General Ledger, ensuring that the month-end close is rigorous and SOX-compliant.

Conclusion: The Need for Speed

In the world of mobile money, trust is the currency. If a user tops up their wallet but the funds don't appear instantly, that trust is broken. The reconciliation tools of 2026 are not just about accounting; they are about Operational Resilience. Whether you choose the deep scheme integration of Kani, the agile data handling of Reconwizz, or the enterprise governance of BlackLine, the imperative is clear: you cannot run a real-time business with batch-process tools.

As you optimize your digital wallet infrastructure, don't forget the physical side of liquidity. Check out our guide on Top ATM & Cash Management Software to see how physical cash interacts with your digital ecosystem.

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