DOO Clearing, the UK-based FX broker and liquidity provider, has implemented Aurum Solutions’ reconciliation automation software to enhance compliance with the FCA’s Client Asset Sourcebook (CASS) regulations.
The automation software ensures fast and accurate reconciliation, reducing the risk of human error and enabling DOO Clearing to meet regulatory requirements efficiently. Additionally, the implementation has saved the company approximately two hours per day in reconciliation tasks, freeing up resources for other core activities. Aurum’s system also facilitates multi-party reconciliations and generates detailed daily reports, supporting compliance and external audits.
Nadine Howard, CEO and Director at DOO Clearing, commented: “Being a small team, we all wear many hats to keep the business running smoothly. Automating our reconciliations has been game-changing in getting valuable time back and enhancing productivity. The benefits of Aurum aren’t just about cost and time-savings; the platform has been instrumental in ensuring we’re meeting regulatory requirements and maintaining the highest standards of operational integrity. This has given us – and the FCA – the confidence that we’re fully compliant and freed up our team to focus on delivering value for our customers.”
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