Scottish fintech Autorek selected by Bank of England for their automated reconciliation and data management solution.

Following a competitive tender the Bank has chosen Scottish fintech AutoRek for the automation of their reconciliation processes. The main objective is to increase efficiencies.

Thanks to Autorek, the Bank of England will have access to a centralised platform for their daily and monthly reconciliation tasks.

The key business benefits of Autorek include:
• Enhanced control
• Accurate matching at transaction level mitigating risks • Better insights into processes
• Best in class automation tools
• User configured dashboards

“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. 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.”

Gordon McHarg, Managing Director