A leading global credit network and prime brokerage firm faced challenges reconciling billions of daily transactions across multiple asset classes, including FX options, swaps, and crypto. Their existing processes struggled with the high precision required for digital assets, demanding reconciliation up to 18 decimal places. They needed a scalable, unified platform to integrate all assets.
The AutoRek MION matching engine was deployed to solve this complexity. AutoRek MION ensures accuracy up to 18 decimal places for digital assets. The platform automated raw data ingestion from sources like SWIFT and blockchain, streamlining reporting and creating a unified data control solution.
- Time Saved: Achieved over 75% time saved on reconciliations.
- Precision: Enhanced precision for digital assets up to 18 decimal places.
- Scalability: Improved operational scalability and futureproofing.