85% of Financial Firms Say Processes Will Struggle as Volumes Surge
Financial services firms are underprepared for a surge in transaction volumes, with compliance failures, operational losses and revenue risk on the line. New research from AutoRek reveals that 85% of firms say their current operational processes already struggle, or would struggle, to keep pace as volumes grow, and with a 28% increase expected over the next two years, the pressure is only mounting.
Fragmented Data Disrupts Operations at 80% of Payments Firms
80% of payments organizations experience moderate to significant operational disruption from fragmented data, according to new research from AutoRek. Despite heavy investment in front-end innovation like AI and instant payments, back-office operations remain stuck in manual processes – creating a critical gap that undermines growth, scalability and innovation.
AutoRek Achieves Microsoft Solutions Partner Certified Software Designation for Financial Services AI
AutoRek today announced it has achieved the Microsoft Solutions Partner Certified Software Designation for Financial Services AI. This recognition follows Microsoft’s rigorous evaluation process.
AutoRek ARIA: Multi-skilled AI Agent Launches for Financial Reconciliation Operations
AutoRek, a leading provider of automated reconciliation and financial controls solutions, today announced the launch of AutoRek ARIA, a multi-skilled intelligent AI agent designed specifically for reconciliation operations.
AutoRek Launches 18-Decimal Precision Crypto Reconciliation Platform, Mion
AutoRek, a leading provider of automated reconciliation and financial control solutions, today announced the launch of Mion, a groundbreaking data management and reconciliation platform specifically designed to handle cryptocurrency and digital asset operations with unprecedented precision. Mion addresses the critical gap in the market for financial institutions by processing up to 20 digits before and 18 after the decimal point to deliver accuracy and scale.
