About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Onwards and Upwards for Autorek

Subscribe to our newsletter

AutoRek, a global financial controls, regulatory reporting and data management platform headquartered in Glasgow, has big ambitions – seeking to expand into new markets following a big win for its reconciliation business with the addition this month of the Bank of England as its latest client.

The firm, which launched back in 1994 as an information and data management consultancy, evolved into its current incarnation in 1998 when it became Microsoft’s first gold certified partner for business intelligence services. Since then it has specialised in providing automated reconciliations, transaction matching, financial controls and regulatory reporting assistance (primarily for CASS and MiFID II) to the asset management and investment banking industries, both through in-house software systems and on the cloud as a managed service.

In its latest deal, the result of a competitive tender process, Autorek will automate the reconciliation processes of the Bank of England in a two-phase project, working within the finance and operations divisions to provide a centralised platform for its daily and monthly reconciliation tasks, covering around 50 users.

“It is a testament to the whole AutoRek team that we have been able to successfully engage with an institution such as the Bank of England,” says Managing Director Gordon McHarg, Managing Director. “As we enter our 25th year of operations we have and continue to work with a broad range of leading insurance, investment management and banking organisations. I look forward to AutoRek delivering value and efficiencies for the Bank as we move into the implementation phase.”

As the firm moves into 2020, it has set its sights on even wider horizons. Speaking to Data Management Insight, a spokesperson confirmed that plans are afoot to push further afield, focusing on global expansion – particularly in the US, as well as building out its capabilities within the insurance market. Autorek already has a strategic alliance in the US with AI-driven cash allocation firm Cforia, first inked in April 2019, to offer clients end-to-end solution from cash collection to cash application and cash reconciliation. Its latest ambitions, however, will look to boost the financial services side of the business.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Unpacking Stablecoin Challenges for Financial Institutions

The stablecoin market is experiencing unprecedented growth, driven by emerging regulatory clarity, technological maturity, and rising global demand for a faster, more secure financial infrastructure. But with opportunity comes complexity, and a host of challenges that financial institutions need to address before they can unlock the promise of a more streamlined financial transaction ecosystem. These...

BLOG

Data Lineage the ‘Heartbeat’ of Financial Institutions: Webinar Review

End-to-end lineage that enables robust data traceability is now considered the “heartbeat of an enterprise” and no longer a niche interest of data managers, according to an A-Team LIVE webinar. Focusing on the importance of metadata to two particular use cases – regulatory compliance and artificial intelligence readiness – panellists agreed that without a solid...

EVENT

RegTech Summit New York

Now in its 9th year, the RegTech Summit in New York will bring together the RegTech ecosystem to explore how the North American capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Regulatory Data Handbook 2025 – Thirteenth Edition

Welcome to the thirteenth edition of A-Team Group’s Regulatory Data Handbook, a unique and practical guide to capital markets regulation, regulatory change, and the data and data management requirements of compliance across Europe, the UK, US and Asia-Pacific. This year’s edition lands at a moment of accelerating regulatory divergence and intensifying data focused supervision. Inside,...