AutoRek

AutoRek is an award winning financial controls software, specialising in automated reconciliations, cash allocations and compliance solutions.

Company Insights

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MiFID II Transaction Reporting: where are we now?

10th September 2018

It has been more than six months since the go-live of MiFID II and for most executing firms transaction reporting has become part and parcel of their operational workflows. For those working on transaction reporting, 2018 will have been a mixture of successes and frustrations. In the first half of this year the market data processor (MDP) has...
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CASS: The glide path to automation

14th May 2018

Do you get that sinking feeling when the CASS audit is approaching? Are you uneasy about loose ends? Do you think ‘oh no not again’? Here we are 10 years on from the financial crisis, the subsequent collapse of Lehman Brothers and the focus on CASS has not waned – in fact it remains high on the regulatory agenda. Why is this...
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Financial controls - how transparent is your control landscape?

10th April 2018

In the last few months there have a been a number of well-known companies that have unfortunately hit the headlines for the wrong reasons - Carillion, Toys-R-Us, New Look, and more recently House of Fraser. As outsiders looking in, it’s easy to pass comment on how these companies managed to get to the position of being on the brink of...
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CASS 2018: The Year of the Dog

13th February 2018

There appears to be a plethora of headlines so far this year with a common theme – 2018 is the year of regtech, fintech, the year of digitisation and technological revamp. According to the Chinese calendar, it is in fact the year of the Dog. The Chinese Horoscope for 2018 predicts that this year, of the Brown Earth Dog, is going to be a good...
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Five factors to improve year end processes

18th January 2018

As with every New Year, January marks a particularly busy month for two sets of professionals: personal trainers and accountants. Gyms are at their busiest at the beginning of each year, packed with people wishing to stick to their New Year’s resolution to lose weight. Accountants, on the other hand, are spending many hours in the office...
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Key ingredients to a Fast Close

18th December 2017

With the end of 2017 fast approaching, many finance professionals might be counting down the days with some degree of dread. Year End is just around the corner – whether you report on the December 31 or later – and with it comes the many long hours accountants will spend going over balance sheets and profit and loss accounts,...
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MiFID II transaction reporting: Are you ready? If not, why not?

22nd November 2017

With 3 January 2018 fast approaching, the shots have been fired by the FCA! Last month, Merrill Lynch was fined £34.5m for failing to report transactions. The bank failed to report 68.5 million exchange traded derivative transactions from February 2014 onwards, in contravention with the European Markets Infrastructure Regulation (EMIR). ...
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Should MiFID II be your New Year’s Resolution?

5th January 2017

There is no doubt that myriad regulatory regimes are competing for your board’s attention for planning and budgetary discussions for the upcoming year. The 2017 and 2018 horizon is filled with key compliance challenges such as the Common Reporting Standard (CRS), European Market Infrastructure Regulation and Fundamental Review of Trading...
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Post-Panama: Why your AEOI frameworks must now be automated, auditable and adaptable

6th May 2016

Hot off the heels of the Panamanian documents leak, 5 EU countries announced last month that they have agreed to exchange beneficial ownership information. France, Germany, Italy, Spain and the UK will now automatically exchange information on the ultimate beneficial owners of companies and trusts. These 5 EU countries are now pushing the...
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CP16/4 Loan-based crowdfunding platforms and client money segregation

2nd February 2016

On 21 January 2016 the FCA issued consultation paper 16/4 (CP 16/4), proposing changes to client money requirements for firms that operate crowd funding platforms. Crowdfunding is a way in which funds can be raised - typically many small amounts are donated or invested by a large number of individuals/businesses/organisations via the internet...