Aviva, a leading UK-based insurance provider, has partnered with AutoRek, a specialist in automated reconciliation and financial control solutions, to improve its reconciliation and Client Assets Sourcebook (CASS) compliance processes.
The collaboration aims to help Aviva automate its reconciliation workflows, reducing manual effort, enhancing compliance with regulatory requirements, and improving operational efficiency, according to InsurTech Insights.
By leveraging AutoRek’s platform, Aviva seeks to minimise operational risks and streamline its financial operations.
AutoRek is a RegTech firm offering advanced automated reconciliation and data management solutions to financial institutions.
Its technology is designed to enhance control, transparency, and regulatory compliance by eliminating manual processes and ensuring auditability.
Aviva is one of the UK’s largest insurers, offering a range of life, general, and health insurance products. The company continues to invest in digital transformation to optimise processes and improve regulatory compliance.
Through this partnership, Aviva will implement AutoRek’s automated reconciliation tool, which will provide a fully auditable process, allowing the insurer to manage large transaction volumes more efficiently.
The solution will also support Aviva’s long-term scalability and compliance with evolving regulatory demands.
Aviva’s head of CASS & middle office, Chris Golland, said, “Aviva is dedicated to investing in technology to further our growth strategy. 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.”
AutoRek’s VP of sales, Jack Niven, commented, “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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