Funding Circle is a fintech platform lender operating across retail and institutional funding models. With complex data and payment flows, often involving multiple investors in a single loan, the business faced reconciliation challenges as it evolved and introduced new products.
Their existing reconciliation approach aggregated data at a high level, making it difficult and time‑consuming to investigate breaks when balances did not align. As regulatory requirements tightened and audit expectations increased, Funding Circle needed a more robust, detailed, and scalable reconciliation framework that reduced operational risk and supported daily accuracy.
AutoRek provides Funding Circle with a flexible, self‑service reconciliation platform that delivers stronger control, improved efficiency, and greater resilience across their operations.
- Improved Reconciliation Detail And Accuracy: Granular reconciliation replaces high‑level aggregation, making breaks easier to identify and resolve.
- Reduced Operational Risk: Removes reliance on key person knowledge and introduces consistent, repeatable processes.
- Time Savings And Efficiency: Reconciliations are completed in around half the time compared to the previous approach.
- Operational Resilience: Simple cross‑training enables broader team coverage and built‑in redundancy.
- Scalable And Flexible Platform: Easily supports new products, changing funding models, and future business growth.