To fulfill Transaction Reporting obligations, firms must run a series of interconnected reconciliations to monitor and resolve data issues in real-time. AutoRek performs data integrity and validation checks and creates a golden source of data ahead of reporting.
AutoRek loads data directly from source systems, enabling transactional and static data to be amalgamated and consolidated in a single repository. The software verifies the completeness and accuracy of transactions and both categorises and prioritises issues as they arise.
AutoRek’s case management and workflow functionality tracks issues, assigns them to the appropriate person, teams or 3rd parties for resolution, and monitors progress.
AutoRek captures all three elements required by RTS 22 Transaction Reporting. It reports concisely on the 3-way reconciliation between the reporting entity, ARM and the regulator.