A leading European financial group’s post-trade and securities services division, managing $198 billion in assets, struggled with reconciling high volumes of complex SWIFT data across a wide network of custodians. The legacy, on-premise solution lacked the self-sufficiency required by internal teams and hindered efficient scaling, creating delays in responding to business changes. The firm needed a centralised, future-proof platform to eliminate manual data preparation and ensure accurate asset and trade reconciliation.
AutoRek was implemented to build an end-to-end data ingestion, matching, and reporting solution focused on asset reconciliations. This solution centralises all internal and external SWIFT data, automatically reconciling positional and transactional messages (MT535, MT536, MT537). The flexible, future-proof platform enables seamless scale and self-sufficiency, supporting the onboarding of new accounts and custodian relationships.
- Centralised platform for loading all internal and external SWIFT data.
- Data preparation concept eliminates data nuances from disparate sources
- High Straight Through Processing (STP) rate across all reconciliations.
- End of process electronic attestation and sign-off