Schroders selects Xceptor’s platform for data services
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Schroders selects Xceptor’s platform for data services 11 October 2023US Reporter: Jenna Lomax
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Investment manager Schroders has selected Xceptor’s platform to manage its cash flow data handling and customer onboarding.
Schroders initially appointed Xceptor to process incoming transfer agency cashflows into their investment book of record on Blackrock Aladdin.
Following this mandate, Schroders expanded Xceptor’s usage across its operations.
Schroders now runs all of its externally sourced data on its processing system. It says this eliminates the need for multiple applications, end-user computing applications and end user devices, many of which performed similar activities.
Peter Hilborne, chief operating officer, operations at Schroders, comments: “The initial phases we entrusted to Xceptor comprised of critical business functions which the platform handled exceptionally well. By consolidating all other various applications into Xceptor, we have radically transformed how we process and automate data.”
Michiel Verhoeven, CEO at Xceptor, says: “The selection of Xceptor by Schroders highlights the value our data automation platform brings to the financial sector. By eliminating manual data input and consolidating applications, we’re empowering Schroders to achieve operational resilience and significant efficiencies.”
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