Client story

Agile GTR reconciliation

We are removing the need for mundane manual work while boosting high-value activities.

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Situation

Non-differentiating regulatory reporting requirements

Regulatory requirements to reconcile swap data repositories (such as the DTCC GTR), with internal trade representations are constantly changing.

Every day, different repositories require the reporting of different data.

Pain points

  • The current process relies on IMatch for most reconciliations, and the building of new reconciliations can take over 12 months.
  • Manual use of spreadsheets is typical for ad hoc data and reconciliation requirements, which can be complex, working with up to 300 data columns.
  • Companies see a significant number of exceptions and breaks due to complex, fuzzy data.
  • Non-formalized data leads to complex reconciliation processes.

Pain points

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Layer_1

The current process relies on IMatch for most reconciliations, and the building of new reconciliations can take over 12 months.

Layer_2

Manual use of spreadsheets is typical for ad hoc data and reconciliation requirements, which can be complex, working with up to 300 data columns.

Layer_3

Companies see a significant number of exceptions and breaks due to complex, fuzzy data.

No_4

Non-formalized data leads to complex reconciliation processes.

Solution

Transformed data, optimized processes and simplicity

Our ability to handle messy data means our client’s data is automatically captured and transformed within our platform.

Capturing and transforming all forms of data means our client no longer needs to find manual workarounds for messy data.

The intuitive rules build, create, and enhance reconciliation operational reporting quickly and easily.

This allows our client to adapt to new regulatory changes as they happen.

With a fully auditable process, it enables rapid response to any regulatory data lineage queries.
Vector

Take control of all your inbound and outbound confirmations processes in a single workflow.

Vector2

Ingest data, produce documentation, escalate risks, and manage the indexing and return of confirmations in one standardised workflow across your entire business.

Vector3

Integrate all trade booking platforms, market utilities and resolution portals.

A market leader in confirmations processing, Xceptor is trusted by some of the largest global financial institutions.

Our solution

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Data validation

Capturing and transforming all forms of data means our client no longer needs to find manual workarounds for messy data.

Ad-hoc reporting

Intuitive rules building, create and enhance reconciliation operational reporting quickly and easily.

Risk

Our client can adapt to new regulatory changes as they happen.

Audit log

Our fully auditable process enables rapid response to regulatory data lineage queries.

Result

Stay on top of regulation

Regulatory compliance with on-the-fly adaptation for new regulatory changes.

A controlled and fully auditable process provides greater transparency.

Manual work is eliminated freeing up time for higher value activities and reducing operational risk.

quote

Xceptor has helped to shift the time and effort that my team used to spend on manual work to other less mundane, and higher value activities.

Associate Director, Head of Reconciliations

Add greater agility to your reconciliation process

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