Xceptor, the leading provider of process automation and data management services for the financial sector, today announced the launch of a new office in New York to support their ambitious global expansion plans.

Having been active in the US market for over 8 years, the new office will allow Xceptor to be closer to some of the key institutions it already works with by offering an increased range of services. The new office is also being established to respond to a rapidly increasing demand for the Xceptor product suite from North American financial institutions looking for solutions to transform their businesses.

Xceptor is the leading provider of process automation and data management products for post-trade operations, used by a large number of global banks to help transform their back office business processes, particularly for trade confirmation, tax reclaim and collateral management processes. Not only does the platform enable substantial cost reduction in operations and other critical functions, but it also provides the levels of control and compliance that have become an absolute necessity for all financial institutions.

Andrew Kouloumbrides, CEO of Xceptor said: “The opening of the New York office is a natural evolution for our company. Having seen the demand for Xceptor grow significantly in the North American market over the past two years, I feel this is the right time to be establishing an office in New York. The continued regulatory focus on how financial organisations deal with their transactional data mean that our products are increasingly relevant to the US market. The proximity to some of our largest clients will allow us to work more closely with them to better understand their evolving challenges.”