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Scalable reconciliations to help you achieve CASS 15 compliance

Reduce risk and leverage a transaction-level system of record that scales with you

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CASS 15
ready
Transaction-level
audit trail
£100Ms
reconciled
Every provider
and channel

Purpose-built reconciliations for firms operating under CASS 15

Dedicated CASS module with simple setup and ongoing support

Zero-touch reconciliation

Zero-touch reconciliations designed for firms operating under CASS 15, with automated matching, auditable exception handling, and reporting workflows.

SafeguardingReconciled
  • Internal recordLedger · 12 Jun£2,481,930.44
  • Safeguarding accountStatement · 12 Jun£2,481,930.44
Difference£0.00

Internal and external records reconciled daily · D+1

Connected system of record

Auditable, granular recordkeeping from payment, to payout, to journal entry from all of your connected data sources (API, SFTP or file upload).

Settlement · 13 JunBroken down
  • Gross sales£412,880.00
  • Refunds−£6,204.15
  • Chargebacks−£1,930.00
  • Scheme & processing fees−£8,417.62
  • FX adjustment−£512.09
  • Net settled£395,816.14

Matched to 4,318 transactions

Posted to the ledger · 14 Jun

  • Regulatory Use Cases

    Purpose-built CASS reporting, including new CASS 15 CASS reconciliation and reporting support.

  • Multi-entity support

    Flexible organisational hierarchy with multi-entity segregation and reporting.

  • Multi-currency support

    Support for multi-currency reconciliations and reporting, plus optional tolerance thresholds.

Reconciliations a safeguarding firm actually runs

Not one reconciliation but a set, each on its own cadence, each leaving the record the next review will ask for.

  • Internal reconciliation

    Your own records reconciled against each other, so the ledger agrees with the transactions behind it before anything leaves the building.

  • External reconciliation

    Internal records reconciled against the balance actually held at the institution, with any difference surfaced rather than discovered later.

  • D+1

    Run daily, on the following business day, so a discrepancy is a day old at most instead of a month.

  • Records for the return

    Every check retained with its result and its cause, so the evidence behind a monthly safeguarding return is already assembled.

SafeguardingReconciled
  • Internal recordLedger · 12 Jun£2,481,930.44
  • Safeguarding accountStatement · 12 Jun£2,481,930.44
Difference£0.00

Internal and external records reconciled daily · D+1

Internal and external records, agreed daily

Reconciled on a D+1 cadence: Your ledger reconciled against the balance held at the institution, every business day, with any difference surfaced and attributed rather than found at period end. Every run is retained with its result, so the evidence behind a return is assembled as you go.

CASS 15 ready

The daily reconciliations, discrepancy detection and records regulated firms need behind every CASS 15 return.

Talk to our team
  • Daily internal & external reconciliation
  • Discrepancies flagged with their cause
  • Records ready for the monthly safeguarding return

The dates that matter

CASS 15 is not a future problem

In effect
7 May 2026
The regulation applies from this date.
First return
July 2026
The first monthly safeguarding return, covering June 2026.
Order #10432Posted
  • Sale£49.99
  • VAT (20%, incl.)£8.33
  • Processing fee−£1.45
  • Net payout£48.54

Reconciled · 14 Jun

Posted to Xero · 14 Jun

Accelerate your CASS audits

Quickly create customisable reports that can be used to help adhere to regulations, support operational efficiencies and accelerate audit reviews.

  • Auditability
  • Reporting
  • Self-service
  • Dedicated Support

Trusted by FinTechs

Unified automation that cuts manual work, risk and complexity

"Thanks to Equali, we are able to control in detail the end-to-end flow of all transactions processed, giving us greater visibility and enabling us to detect any potential leaks or anomalies along the way."

Wouter van HaaftenCFO, Sunday

Transcript

Sunday is a financial technology company that was established in 2021. The company specialises in payment solutions for the restaurant and broader hospitality industry. It operates in three core geographies — the US, France and the UK — and currently employs 130 people across offices in Atlanta, Chicago, London and Paris. My role as head of finance is to lead the finance and accounting teams, and my responsibilities are mainly about driving Sunday's financial roadmap and making sure our finances remain healthy. The core challenge we face at Sunday relates to the fact that we process millions of transactions on a weekly basis on behalf of the restaurants. When, in addition to the volume of transactions, we take the complexity of working with several partners along the value chain, it makes the reconciliation exercise very complex from a finance and accounting standpoint. We decided to work with Equali first and foremost because of the team. The team, coming from a broad range of experience within the FinTech and payments industry, gave us confidence that they would understand our problem and also provide us with the right solution. In addition, Equali offered us dedicated customer support, on which they have delivered constantly for the past year. Every piece of feedback we have provided has been taken with great seriousness, and they have adjusted their product to suit our specific needs. We use Equali mainly on the reconciliation front, making sure that the money we collect from the restaurant guest ends up in the right bank accounts at the right time. Equali provides us with an additional layer of confidence that our team's work is accurate. Beyond the reconciliation piece, we also use Equali for two specific use cases. First, our cash in transit: having a good understanding of the amount of money flowing through our systems at all times, still due to restaurants. And second, fee reconciliation: making sure that the money we are being charged by our partners is correct. The value that Equali provides Sunday today is, first, great control and visibility into the funds that flow through our system. But also, leveraging Equali enables our product and engineering teams to focus on revenue and growth-driven initiatives, such as building new features for the restaurants we serve. And on the finance side, it helps us focus on the more strategic projects, such as optimising our P&L and being a real strategic business partner for the teams.

FAQs

What is CASS 15?

CASS 15 is the FCA's new safeguarding regulation, which looks to bring expectations more in line with investment firms. The ultimate goal of CASS 15 is to protect consumer funds, and looks to address several instances where regulated firms have been able to pay out 100% of consumer funds due to significant shortfalls.

Can you support our CASS 15 reconciliation workflows?

Yes - as a UK-based reconciliation and reporting specialist, we're well-placed to support regulated firms with their CASS 15 reconciliation workflows.

The deadline for implementation is 7th May 2026, so contact the Equali team as soon as possible to help you get compliant with time to spare!

When does CASS 15 come into effect?

CASS 15 comes into effect on 7th May 2026. The first monthly safeguarding return is due July 2026 for the month of June 2026.

How much does it cost?

Pricing for our CASS 15 solution is determined by the complexity and size of your requirements. Schedule a call with our team to find out more.

What data formats do you support?

We are directly connected via API to a number of payment providers, accounting systems and ERPs, and can pull data from these sources in real-time. For bank statements, we can accept .csv, .xls, .xlsx and .txt file formats.

Got a bespoke format? We support file upload directly to the dashboard, as well as SFTP file transfer. Contact the Equali team and we can help you get started.

How long does setup take?

Depending on the complexity of your business, setup could take as a little as a few days, or a few weeks. Regardless of your complexity, we'll handhold you throughout the onboarding process to ensure your questions are answered and needs are met, both during regular onboarding calls and with the creation of Slack/Microsoft Teams channels dedicated to your setup.

Get started today to ensure you're ready in time for the FCA's 7th May 2026 deadline.

One source of truth for every payment

Connect your channels and providers, and let Equali reconcile, categorise and post every transaction. Start free, or see it on your own data.

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