Over the last few years, the payments industry has experienced extraordinary societal, technological, and financial market influences that have converged to form a perfect storm of growth and change. This boom has intensified the Financial Conduct Authority’s (FCA) focus on Payment Institutions (PIs) and Electronic Money Institutions (EMIs) in ensuring firms consider the protection of…

AutoRek is an end-to-end financial controls platform that automates reconciliations, data management, and reporting. We’ve been empowering the biggest financial organisations to build robust financial operations for over 30 years. Read our payments brochure to learn how our solution supports payment firms. In it, you will learn: What AutoRek is How we support payment firms…

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…

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…