Schroders boosts its financial operations with Xceptor’s automation expertise


Schroders, and Xceptor, a data automation platforms provider within the financial sector, have embarked on a mutually beneficial partnership.

The coalition underscores a pivotal moment where FinTech innovation is set to optimise and transform traditional financial management and data processing paradigms.

Schroders has enlisted the technological prowess of Xceptor with the prime objective to automate a plethora of core business operations and consolidate numerous applications. Initially, the focus will be on automating cash flow data handling and customer onboarding processes, subsequently, cultivating a seed that promises operational resilience and efficiencies through automated data processing and transformation across the business.

Schroders stands tall as a leading global investment manager, actively managing investments across a broad spectrum of markets and sectors. Their services span around the globe, ensuring investors are availed with strategic solutions for their financial growth and security. On the other side, Xceptor delivers an innovative data automation platform, primarily catering to the financial sector.

By focusing on automating complex data tasks and processes, Xceptor ensures financial entities, like Schroders, can harness the full potential of their data, mitigating risks associated with manual handling and enhancing their overall operational efficiency.

The partnership unfolds a journey that saw Schroders first deploy Xceptor to process incoming transfer agency cash flows into their investment book of record, Blackrock Aladdin. Xceptor’s platform not only validated and checked the cash flows with accurate predictions but also seamlessly loaded the validated data into Aladdin, showcasing its reliability and efficacy in handling critical financial data.

Progressing further, Schroders has amplified its reliance on Xceptor, steering its usage across Operations to induce operational resilience and efficiencies through proficient data automation and a comprehensive process transformation tailored for business users. The platform has enabled Schroders to run 100% of its externally sourced data on its processing system, thereby, extinguishing the need for multiple applications and various EUCs and EUDs.

Schroders chief operating officer, Operations, Peter Hilborne 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.”

Xceptor CEO Michiel Verhoeven 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.”

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