Calastone enters partnership with AutoRek 11 September 2024UK Reporter: Clelia Frondaroli
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Calastone has entered into a new partnership with AutoRek, with the aim to simplify and improve the consolidation of fund manager data.
The collaboration will integrate Calastone Reporting into the AutoRek platform, which the companies say is designed to consume statements of holdings directly from fund managers and consolidate them into a single standardised output.
The process is said to help reduce risk and operational inefficiencies, as well as save costs through the removal of resource-heavy data preparation.
Commenting on the partnership, AutoRek’s head of strategic partnerships, Alastair MacKenzie, states: “With a long track record as specialists in reconciliation automation, and having extensive experience of automating fund manager reconciliations for clients in the investment industry, we are excited about this partnership as a massive time and cost saving for our clients.”
Ross Fox, Calastone’s head of UK & Europe, inputs: “By consolidating data from multiple sources into a single, standardised structure, Calastone’s technology streamlines the reporting process, enhances operational efficiency, and reduces risk. We are thrilled to partner with AutoRek to deliver these benefits to our clients.”
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