Aviva Partners with AutoRek to Enhance CASS Compliance and Boost Operational Efficiency

Aviva Partners with AutoRek to Enhance CASS Compliance and Boost Operational Efficiency

In a significant move towards enhancing operational efficiency and regulatory compliance, Aviva, a prominent UK-based insurance provider, has joined forces with AutoRek, an expert in automated reconciliation and financial control solutions. This collaboration is set to transform Aviva’s reconciliation workflows and bolster its Client Assets Sourcebook (CASS) compliance processes.

Enhancing Compliance and Efficiency

The partnership aims to automate Aviva’s reconciliation processes, thereby minimizing manual effort and ensuring adherence to regulatory standards. By utilizing AutoRek’s advanced platform, Aviva intends to:

  • Reduce operational risks associated with financial transactions.
  • Streamline financial operations for improved efficiency.
  • Provide a fully auditable process for managing large transaction volumes.

About AutoRek

AutoRek is a RegTech firm specializing in automated reconciliation and data management solutions tailored for financial institutions. Their technology enhances control, transparency, and compliance by:

  • Eliminating manual processes that can lead to errors.
  • Ensuring auditability to meet regulatory expectations.

Aviva’s Commitment to Digital Transformation

As one of the UK’s largest insurers, Aviva offers a variety of products, including life, general, and health insurance. The company is committed to investing in digital transformation initiatives to optimize its processes and enhance regulatory compliance. Through its partnership with AutoRek, Aviva will:

  • Implement an automated reconciliation tool that supports scalability.
  • Address evolving regulatory demands effectively.

Statements from Leadership

Chris Golland, Aviva’s Head of CASS & Middle Office, expressed enthusiasm about this collaboration: “Aviva is dedicated to investing in technology to further our growth strategy. After a thorough evaluation, we found AutoRek’s solution to be highly impressive. This implementation will streamline our processes and help us meet future scalability and volume requirements confidently.”

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Jack Niven, AutoRek’s VP of Sales, also shared his excitement: “We are thrilled to welcome Aviva as a client on the AutoRek platform, enabling them to achieve greater operational efficiency and accuracy. Together, we are paving the way for innovation and establishing new benchmarks for financial excellence.”

For more information on how Aviva is enhancing its operations and compliance, visit their official site at Aviva or explore AutoRek’s innovative solutions at AutoRek.

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