Glasgow-based AutoRek Companions with Nationwide to Provide Knowledge Administration and Cloud-powered Monetary Controls

Glasgow-headquartered AutoRek, a agency that gives monetary controls and regulatory reporting software program, has teamed up with Nationwide to supply an information administration resolution and cloud-powered monetary controls for a three-year interval, with a two-year extension plan.

Gordon McHarg, managing director at AutoRek, said:

“I’m actually happy to welcome an organisation of Nationwide’s calibre to our checklist of purchasers. We’re trying ahead to constructing an excellent working relationship with the workforce and offering them with our expertise in serving to main monetary companies corporations higher perceive their transactional information.” 

McHarg added:

“This can be a landmark deal for AutoRek and the results of a unprecedented workforce effort on each side.”

As famous by the seller, the initiative can be rolled out in several phases and can provide ATMs,  playing cards, funds, mortgages, and substantiation. As confirmed by the AutoRek workforce, the platform can deal with attestation and reconciliation processes.

Ian Williams, director of monetary management and operations at Nationwide Constructing Society, famous:

“After a radical tender course of, we have been impressed with the standard of the AutoRek instrument, its pace, adaptability and robustness.”

AutoRek was just lately chosen by the Financial institution of England, after a aggressive tender.

The AutoRek workforce has been working cooperatively with funding administration corporations, banks and insurance coverage suppliers. Its head places of work are primarily based in Glasgow with further places of work situated in Edinburgh, London and New York. The corporate plans to reinforce the effectivity of monetary information administration by decreasing prices whereas guaranteeing that corporations are following acceptable regulatory reporting necessities.

As talked about on its web site, the AutoRek software program can “ease the duty of assembly the regulatory obligation of shopper cash / shopper asset safety.” 

The AutoRek software program additionally affords: 

• the power to handle your information in a seamless method, “placing the ability in your palms relating to automated methods;”
• sturdy automated reconciliation software program instruments that cut back threat, enhance management and improve effectivity;
• help with automating information administration and assist with processing your regulatory stories.