Aspect Capital automates regulatory reporting reconciliations with Fund Recs
Fund Recs today announced that Aspect Capital (‘Aspect’), the $8bn systematic investment manager has gone live on Fund Recs Velocity platform to automate the reconciliation process of their EMIR regulatory reporting.
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Velocity is a set of software modules that helps global fund administrators, investment managers and auditors achieve straight through reconciliations. Aspect uses Fund Recs Velocity platform to further support the automation of their EMIR reporting, ultimately increasing efficiency, speed and accuracy.
Stephen Martin, Co-Head of Middle Back Office at Aspect, said: “We are always on the look- out for innovative technology to improve and strengthen our processes. The Fund Recs Velocity platform is serving as a valuable tool to ensure the accuracy of our EMIR Regulatory Reporting and provides important metrics on the matching rates of our submissions. We were delighted with the seamless implementation of the platform and look forward to working further with Fund Recs.’
Fund Recs CEO, Alan Meaney, said: “We are excited to be working with the Aspect Capital team and are delighted they have chosen Fund Recs as the solution to meet their reconciliation needs. Our innovative, automated model helps reduce operational risk and will also provide additional transparency. We look forward to developing our relationship with Aspect as they continue to create value for their clients while ensuring their rec process is as seamless as possible.’’