Finastra and Xceptor collaborate to reconcile securities markets
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Finastra and Xceptor collaborate to reconcile securities markets 26 June 2019London Reporter: Rebecca Delaney
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Finastra has partnered with Xceptor to provide reconciliation in the securities market.
The existing Fusion Markets solution for Finestra clients will be enhanced to allow efficient, accurate and automatic reconciliation and validation of transactions and data.
Automation platform Xceptor will aid with the extraction and transformation of data to then be integrated and reconciled.
Michael Henssler, general manager, treasury, capital markets and risk, Finastra, commented: “The securities services industry is fragmented, and traders are operating in a more complex and regulated market. Our customers need better transparency to transform traditionally complex data and processes into simple usable business insights.”
He continued: “Xceptor is a specialist in its field and we’re delighted to offer their in-depth knowledge and capabilities to our securities customers.”
Andrew Kouloumbrides, CEO at Xceptor, added: “This new reconciliation functionality will enable Finastra customers to overhaul, optimise and automate their positions reconciliation process. We are continuing to explore new opportunities with Finastra and are looking forward to extending our relationship further in the near future.”
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