About a-team Marketing Services
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

Upcoming Webinar: Executing the Migration to Cloud to Enable Scalability and Innovation

Date: 22 September 2026 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Cloud-based services and processing have become essential to financial institutions as their data management demands have become more complex and expansive. Thousands of organisations have made the jump from their limited on-premises tech stacks to the near-infinite scalability opportunities...

BLOG

ESMA’s Data Quality Report Signals a Higher Bar for Regulatory Reporting Data

By Michele Hillery, Managing Director, Head of Repository & Derivatives Services at The Depository Trust and Clearing Corporation (DTCC). Regulators across jurisdictions are leveraging trade reporting data as a supervisory resource, using it to monitor risk, assess market activity and inform policy and oversight decisions. As this use becomes more sophisticated, firms face an even...

EVENT

AI in Capital Markets Summit London

Now in its 3rd year, the AI in Capital Markets Summit returns with a focus on the practicalities of onboarding AI enterprise wide for business value creation. Whilst AI offers huge potential to revolutionise capital markets operations many are struggling to move beyond pilot phase to generate substantial value from AI.

GUIDE

Regulatory Data Handbook 2026 – Fourteenth Edition

Welcome to the fourteenth edition of A-Team Group’s Regulatory Data Handbook. Supervisors increasingly expect firms to demonstrate which rules apply, which data supports each obligation, who owns the control and how exceptions are identified and resolved. Policies and implementation programmes must now be supported by records that can withstand regulatory scrutiny. This edition examines material...