Xceptor, the leading data automation platform provider in the financial sector, announced that Schroders, a global leading active investment manager, has chosen its platform for a range of core business use cases, including cash flow data handling and customer onboarding.
Schroders initially appointed Xceptor to process incoming transfer agency cashflows into their investment book of record, Blackrock Aladdin. Xceptor checked and validated the cashflows with predictions and, once confirmed, loaded the data into Aladdin. Following the successful execution, Schroders expanded the usage across Operations to provide operational resilience and efficiencies through data automation and end-to-end process transformation for business users.
By leveraging Xceptor, Schroders now runs 100% of its externally sourced data on its processing system, eliminating the need for multiple applications, EUCs*, and EUDs*, many of which performed similar activities.
Peter Hilborne, Chief Operating Officer, Operations, Schroders commented: “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, Chief Executive Officer at Xceptor said: “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.”
With Xceptor, Schroders not only eliminates the risks associated with manual data input but also brings uniformity to their processes, enabling them to better understand and streamline their operations.
Founded in 1804, Schroders is a global investment management firm with £726.1 billion (€846.1 billion; $923.1 billion) assets under management, as at 30 June 2023. Schroders continues to deliver strong financial results in ever challenging market conditions, with a market capitalisation of circa £7 billion and over 6,100 employees across 38 locations. The founding family remains a core shareholder, holding approximately 44% of Schroders’ shares.
Schroders has benefited from a diverse business model of by geography, asset class and client type. It offers innovative products and solutions across four core growing business areas; asset management, solutions, Schroders Capital (private assets) and wealth management. Clients include insurance companies, pension schemes, sovereign wealth funds, high net worth individuals and foundations. Schroders also manages assets for end clients as part of its relationships with distributors, financial advisers and online platforms.
Schroders aims to provide excellent investment performance to clients through active management. It also channels capital into sustainable and durable businesses to accelerate positive change in the world. Schroders’ business philosophy is based on the belief that if we deliver for clients, we will deliver for our shareholders and other stakeholders.
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.
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