Deutsche Bank has partnered with Xceptor, the data ingestion and transformation specialist, which is a no-code platform that specialises in automating processes through data ingestion of any format, data transformation and process digitisation.
As part of the new partnership, Xceptor will automate Deutsche Bank’s core process in Indonesia, as part of its broader optimisation and digitisation strategy.
Additionally, Xceptor will help to automate reconciliations with multiple external parties for the bank’s securities services business.
Clients will also benefit from more timely reports transmission and information on potential buy-in in the market.
Siantoro Goeyardi, chief country officer, Indonesia, at Deutsche Bank, said: “As one of the largest custodians for foreign portfolio investment in Indonesia, and a leading provider of cash management and trade finance services, we are committed to delivering best-in-class services to our clients and this partnership will help us maintain this standard.”
Andrew Kouloumbrides, CEO at Xceptor, commented: “The Asia Pacific region is still distinguished by its continued reliance on the exchange of information and documents by non-digital means such as by fax.”
“This means it still has a disproportionate amount of manual process and uncontrolled workarounds that can be easily automated by Xceptor to support the optimisation and governance efforts of its Operations and IT teams,” Kouloumbrides explained.
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