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AutoRek for cash reconciliations

Execution of timely and repeatable cash reconciliation processes is a vital control for ensuring the accuracy of a firm’s financial accounting records. In an environment which can often be high volume and high value, leaving these controls to manual intervention is a needless risk that firms should avoid. Reliance on manual reconciliations places a significant…

AutoRek for securities reconciliations

Errors and inaccuracies can generate significant risks when firms hold securities worth billions of dollars. So, reliance on manual reconciliations is a risk that firms should avoid. Not only does it place a significant burden on operational staff, but it also creates challenges such as human error, data inaccuracy and volume limitations. Rather than investigating…

What’s next for FCA safeguarding rules? 3 key insights from AutoRek & Protiviti

Posted: 26/06/2024 | Read time: 4 minutes   We recently hosted a safeguarding workshop for our clients, who heard from industry experts at Protiviti and the AutoRek payments team. In this blog, we summarise the top three insights on what you can expect from new rules.   The FCA will soon publish a safeguarding consultation,…

Persistent challenges: How legacy systems are holding payments firms back

Posted: 10/06/2024 | Read time: 4 minutes   Nick Botha, our Global Payments Lead, discusses how relying on legacy systems and manual reconciliation processes is keeping firms from staying competitive in 2024. He explains how this prevents firms from being responsive enough to meet customer needs and regulatory change.   In the past manual reconciliation…

AutoRek Safeguarding Demo Video

Our safeguarding solution is designed to transform the way you manage safeguarding and compliance. Purpose-built for modern firms, our innovative system automates the segregation of funds and reports, ensuring you meet all regulatory requirements effortlessly.   Key Benefits include: Our solution lowers the expenses associated with safeguarding compliance. Free up your team to focus on…

Automation’s Impact on Payments Reconciliation

Nick Botha, our payments lead and Don Apgar, Director of Merchant Payments at Javelin Strategy & Research, discuss the importance of optimizing the payments reconciliation process and why automation can have a substantial impact on creating operational efficiency. Tune in to find out: How Reconciliation has become integral to the success or failure of a…

To meet customer expectations, PSPs must prioritise end-to-end reconciliations

Posted: 04/04/2024 | Read time: 3 minutes   The payments sector’s success and growth over the past decade can largely be attributed to firms’ ability to meet and exceed customer’s expectations. Unlike established banks, fintechs are largely free from the legacy tech stacks that slow down banks from modernising. So Payment Service Providers (PSPs) can…

Automating recs: Keys to scale

Are you looking to build more efficient operations that handle regulatory change and company growth – without the rising operational costs? You don’t want to miss this podcast from PaymentsJournal. Our payments lead, Nick Botha, joined Brian Riley, Director of Credit and Co-Head of Payments at Javelin Strategy & Research. They discussed what’s in store…

Revealed: 86% of payments firms lack data quality needed for reporting

Posted: 23/02/2024 | Read time: 3 minutes   New study exposes the challenges faced by payment firms regarding reconciliations and reporting, with 84% revealing they rely heavily on manual tasks and spreadsheets   23rd February 2024 – New research commissioned by AutoRek, a leading software provider to companies in the global financial services sector, has…