3 - Payment Life Cycle [Part 2: Clearing and Settlement, Reconciliation and Exception Handling]

Welcome to Part 2 of our Payment Life Cycle explainer series!
In this continuation, we go beyond processing and into the core back-office and settlement operations that make global payments work seamlessly.
In this video, we cover:
3️⃣ Clearing & Settlement – How banks exchange and settle obligations through clearing houses, RTGS, or correspondent networks.
4️⃣ Reconciliation & Reporting – How institutions match internal ledgers with clearing house data, ensure accounting integrity, and prepare regulatory reports.
5️⃣ Exception Handling & Investigations – What happens when things go wrong — failed, duplicate, or delayed payments — and how banks trace, fix, and communicate resolutions.
You’ll get a complete picture of the payment journey from initiation to final settlement — including practical examples, industry standards, and compliance touchpoints.
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🎯 Key Topics Covered:
• Clearing vs. Settlement explained
• RTGS, ACH, and cross-border clearing models
• Reconciliation flows and audit trail importance
• Exception handling and investigations
• End-to-end visibility and STP (Straight Through Processing)
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📌 Don’t miss Part 1:
👉 [Part 1:    • 2 - Payment Life Cycle [Part 1: Payment In...  ]
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📢 Perfect For:
Payment operations teams, banking professionals, fintech developers, and anyone curious about how payments actually work behind the scenes.