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

Broadridge Partners Tookitaki to Deliver AI Based Data Reconciliation Platform

Subscribe to our newsletter

Responding to the ongoing industry challenge of data reconciliation, Broadridge Financial Solutions has released Data Control Intelligent Automation, an artificial intelligence (AI) and machine learning (ML) platform built for deployment across reconciliation, matching and exception management applications. The solution has been developed with Singapore-based Tookitaki, a provider of AI and ML technology.

The platform will allow customers to license modules on the platform that provide intelligent automation applications. The initial modules are Break Management and Recon Perform. Both modules provide enterprise wide capability, working across not only Broadridge reconciliation solutions, but also in-house and third-party developed solutions.

Alastair McGill, general manager of Data Control Solutions at Broadridge, says: “Intelligent automation will drive performance and productivity gains from incumbent reconciliation systems, especially where organisations have multiple vendor solutions in place.”

The Broadridge platform uses a distributed computing framework to deliver a high-performance and scalable matching and exception process. It is agnostic to the underlying reconciliation system and can be deployed on premise, on Broadridge managed servers or in the cloud. The Break Management module accelerates the investigation process, reducing resolution times by continuously improving break classification according to client-defined business reasons. Recon Perform automates reconciliation builds with an automatic matching scheme that uses supervised ML models and continuous matching scheme improvement, saving time and cost for firms managing large volumes of reconciliations. 

The Tookitaki element of the solution includes the company’s patent-pending explainability framework, which offers a ‘glass-box’ approach to ML models that allows users to view decisions made by the platform’s engine through a simple interface.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: The roles of cloud and managed services in optimising enterprise data management

Date: 14 May 2024 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Cloud and managed services go hand-in-hand when it comes to modern enterprise data management (EDM), but how can the best solutions for the business be selected and implemented to ensure optimal data management based on accurate, consistent, and high-quality...

BLOG

SimCorp Releases Cloud Native Investment Analytics Platform

SimCorp has released a cloud native investment analytics platform offering a real-time attribution solution designed to meet growing demand for accurate and real-time performance analytics. This is the company’s first service on its Investment Analytics Platform, with solutions related to ESG attribution and risk attribution planned as the next set of releases. The platform provides...

EVENT

TradingTech Summit London

Now in its 13th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

Regulatory Data Handbook 2023 – Eleventh Edition

Welcome to the eleventh edition of A-Team Group’s Regulatory Data Handbook, a popular publication that covers new regulations in capital markets, tracks regulatory change, and provides advice on the data, data management and implementation requirements of more than 30 regulations across UK, European, US and Asia-Pacific capital markets. This edition of the handbook includes new...