Fintech Business Podcast
Interview: Getting Ledgering Right, With NAYA CEO Sherif Kozman
Mar 26, 2025
Sherif Kozman, CEO of Naya, a startup revolutionizing ledgering and compliance in fintech, shares his insights on the challenges of financial reconciliation. He discusses the hurdles fintechs face with legacy systems and the critical need for accurate data synchronization in banking partnerships. Sherif emphasizes the consequences of poor ledgering and offers practical advice for those navigating manual processes. The conversation also touches on Naya's innovative use of AI to enhance transaction accuracy and streamline compliance, shaping the future of financial infrastructure.
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Quick takeaways
- Effective ledgering and reconciliation are crucial for fintechs and banks, as poor management can lead to significant operational chaos and financial exposure.
- NAYA's automation of reconciliation processes aims to enhance accuracy and reduce manual errors, allowing organizations to focus on growth and compliance.
Deep dives
Understanding Ledgering in Banking and FinTech
Ledgering is fundamental in banking and fintech as it serves as a unified single source of truth for financial transactions, recording every movement of money. Unlike traditional databases, ledgers enforce essential accounting principles such as transaction integrity and traceability, assuring that balances are accurate. Many fintechs struggle with discrepancies due to fragmented ledgers maintained by different parties, leading to operational chaos and mismatched funds. This situation emphasizes the importance of having real-time reconciliation to maintain accuracy and accountability in financial transactions.
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