The Tipping Point for Asset Management Operations: The Rising Costs of Operational Complacency
Asset management and capital markets firms are navigating an increasingly complex landscape. From stringent regulations to shifting investor demands and rising competition, firms are under immense pressure to adapt. At the same time, automation, artificial intelligence (AI), and machine learning (ML) are transforming the industry, offering opportunities for efficiency and growth. Despite the push for…
T+1 Settlement Deadline Confirmed: How AutoRek Can Help UK Firms Prepare
Posted: 14/02/2025 | Read time: 3 minutes What T+1 Means for UK Firms? Lessons from the US T+1 Transition Preparing for T+1: Key Capabilities Your Solution Must Have The Countdown to T+1 Has Begun – Is Your Firm Ready? The UK financial market is entering a new era with the shift to a T+1 settlement…
The Efficiency Dilemma: Why Asset Management Operations Must Evolve
The findings from AutoRek’s recent industry survey offer valuable insights into the current challenges and inefficiencies facing asset management operations. In this podcast AutoRek’s own Jack Niven provides expert analysis and firsthand insights into the trends driving the shift toward automation. They discuss how firms can overcome the inertia of outdated processes and adopt next-generation…
Enhancing Prime Brokerage Risk Management with AutoRek
Posted: 31/01/2025 | Read time: 2 minutes In a recent speech at UK Finance, Rebecca Jackson, Executive Director at the Bank of England, raised concerns about the “rather foggy” information disclosures by hedge funds to their prime brokers. This lack of transparency creates significant counterparty credit risks, leaving banks and financial institutions exposed to…
Aviva selects AutoRek as their automated reconciliation solution
Posted: 29/01/2025 | Read time: 2 minutes Aviva, one of the UK’s leading insurance, wealth and retirement businesses, has chosen AutoRek, a leader in automated reconciliations, as their reconciliation and CASS tool. This collaboration will ensure greater efficiency and compliance through automation. Aviva will leverage AutoRek’s end-to-end platform to implement a fully audited, rules-driven…
Navigating the complexities of internal client money reconciliations
Posted: 22/11/2024 | Read time: 4 minutes The strength of any financial organisation hinges on its ability to manage data effectively. In the financial services sector, where data permeates every facet of business operations, efficient data management is crucial for maximising value and minimising operational costs. Reconciliations are a fundamental control mechanism for finance…
T+1 settlement: UK’s progress so far
Posted: 18/10/2024 | Read time: 4 minutes This blog will outline UK’s progress to T+1 based on the draft recommendations issued by the Accelerated Settlement Taskforce. The Accelerated Settlement Taskforce (AST) was put in place in 2022 to assess the implications of the UK moving to a T+1 settlement. So, what progress has the…
The impact of T+1: Why UK firms should prepare now for faster settlement times
Posted: 02/10/2024 | Read time: 4 minutes As the North American market undergoes a seismic transformation with the implementation of the T+1 settlement period, the question remains: are UK firms ready? The fundamental overhaul that firms will soon have to undertake will shape the future of market operations and bring globe-spanning implications. In stark…
Investment firms must adapt to today’s data-centric technology or get left behind
Posted: 16/04/2024 | Read time: 4 minutes The investment industry has been operating within the confines of tradition and strict regulations for quite some time. However, continued reliance on outdated legacy software systems can disrupt an organisation’s innovation and growth. Yet, investment companies all over the world keep these systems in place due to…
The importance of effective CASS audits: FCA fines audit firm for report failings
Posted: 16/08/2024 | Read time: 1 minute In a move which highlights the important role played by audit firms, the FCA has fined firm Macintyre Hudson LLP (MHA) for failings in respect of their client asset reports. The final notice published yesterday, highlights issues identified across four separate client asset reports affecting two separate…