Xceptor, the leading data automation platform in the financial sector, and Delta Capita, a renowned global provider of managed services, technology solutions, and consulting in the financial services industry, announced their partnership aimed at bringing significant benefits to financial institutions as they prepare for the T+1 settlement deadline.
Together, Xceptor and Delta Capita aim to revolutionize post-trade operations, offering financial firms a wide range of benefits. By leveraging Xceptor’s data automation platform and Delta Capita’s expertise, clients can streamline their post-trade processes, reduce manual errors, and improve compliance with T+1 settlement requirements. This partnership provides financial institutions with enhanced speed and accuracy in capturing and validating Standard Settlement Instructions (SSIs), simplifying trade confirmations, and facilitating efficient block allocations.
Josh Monroe, Chief Revenue Officer at Xceptor, stated: “We are thrilled to announce our partnership with Delta Capita, showcasing our commitment to delivering faster time to value for our clients. By leveraging Delta Capita’s exceptional consulting and implementation expertise alongside Xceptor’s platform, we are confident that our joint proposition will provide market participants with a powerful solution to simplify the complexities of post-trade processing. We aim to deliver substantial improvements through the integration, bringing scale and cost-competitive options across SSIs, confirmations, and allocations while helping our clients unlock new opportunities.”
Karan Kapoor, Global Head of Regulatory and Risk Consulting at Delta Capita, added: “Ongoing fines and penalties related to CSDR, coupled with a lack of preparation for the T+1 deadline is causing industry-wide concern. By combining Xceptor’s market-leading data and process automation platform with Delta Capita’s extensive experience of working with global financial institutions and network of industry experts, we are excited to be bringing to market a solution that will address these concerns and drive efficiency to the management of SSI infrastructures. The solution will also significantly reduce the time needed to complete multi-asset trade confirmations and block allocations, guaranteeing that financial institutions are fully compliant with CSDR and ensuring a smooth transition to T+1.”
Financial firms will benefit from proactive license support, client upgrades, and a strong return on investment. Which in turn will improve efficiency, mitigate risk, and stay ahead of regulatory challenges.
Our mission is to empower financial services companies to build automated processes that deliver trusted data and create better customer outcomes. At the same time, we aim to increase our clients’ productivity, reduce their time-to-market, and optimize their operational processes. We serve 18 of the top 50 global banks, including Citi Group, Deutsche Bank, HSBC, BNP Paribas, Metro Bank, Northern Trust, and State Street and support critical operational processes and data compliance, which enables our clients to focus on what’s important – seizing opportunities and driving growth. In June 2021, leading private equity firms Corsair and Astorg formed a strategic partnership with the goal of accelerating our growth. Corsair made a significant minority investment in the company, which built on Astorg’s acquisition of Xceptor in March 2021.
Follow @Xceptor on LinkedIn or visit https://www.xceptor.com/.
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