’Aviva is dedicated to investing in technology to further our growth strategy,’ says head of Cass and middle office
Aviva has teamed up with AutoRek as it looks to boost efficiency and compliance through automation.
The deal will see AutoRek implement an automtated and rules-driven reconciliation process for Aviva, which the insurer said would provide “complete transparency” for client asset sourcebook (Cass) auditors and internal stakeholders.
The insurer felt this would reduce operational inefficiencies, improve compliance processes and strengthen financial control.
The automated system is also expected to streamline client money management and regulatory reporting, lowering the manual effort and associated risks with manual processing.
Chris Golland, head of Cass and middle office at Aviva, said: “Following an extensive tender process, we were highly impressed with the quality of the AutoRek tool.
“The implementation of the AutoRek solution will streamline our processes and allows us to confidently address future scalability and volume requirements.”
Investment
Cass regulations apply to financial services providers who hold or control client money and assets.
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Golland said that Aviva was ”dedicated to investing in technology to further our growth strategy”.
Jack Niven, vice president of sales at AutoRek, added: “We’re thrilled to onboard Aviva as a client to the AutoRek platform, empowering them to achieve greater efficiency and accuracy in their operations.
”Together, we’re driving innovation and setting new benchmarks for financial excellence.”
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