Fintech Lab
Lesson 19Risk and operationsIntermediate
Settlement netting
Many entries on your books, one wire on your bank statement.

Yesterday your platform processed 100 user deposits totaling ₦500,000. Your provider doesn't wire you 100 times. They net it: one wire today for ₦492,500 (after their 1.5% aggregate fee). Your ledger has 100 individual entries; your bank statement has one line. Reconciliation is the practice of joining those two views without losing data on either side.

Fintech Lab is a free, interactive lab for fintech engineers. Real ledger, your own sandbox, engineering patterns from production. See all 85 lessons.

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