BST Awards 2025: Best buy-side reconciliation platform/service—AutoRek

Overview

AutoRek is an automated reconciliation platform designed to help financial services firms process vast data volumes with minimal fuss. The firm provides tailored solutions to capital markets firms to help them process surging data volumes while ensuring compliance and reducing operational risk. By replacing outdated legacy systems, AutoRek reduces time spent on reconciliation by as much as 75% for multiple buy-side firms. It enhances operational efficiency by automating data ingestion, matching, exception management and reporting, allowing businesses to focus on value-adding activities. This allowed the firm to achieve revenues of £20.9 million ($27.2 million) in 2024.

The solution  

AutoRek automates the full reconciliation lifecycle from data preparation to regulatory reporting through a rules-driven system. Users gain a complete audit trail, real-time dashboards and automated workflows that eliminate manual errors and reduce operational risk. Regulatory reporting is simplified, ensuring compliance with frameworks like the UK’s Client Asset Sourcebook (CASS) and Mifid II. One client, a global leader in retirement services, reduced its costs per reconciliation by 50% and strengthened its operational resilience by moving to a cloud-based platform, freeing up resources for higher-value tasks.

Secret sauce  

AutoRek understands that no two buy-side firms are the same. The platform differentiates itself through its unlimited data processing, configurable rules engine and real-time insights. Unlike rigid, off-the-shelf tools, AutoRek collaborates closely with clients to tailor solutions to their specific operational needs, while its ability to reconcile digital assets up to 18 decimal places is also a key differentiator. Used by some of the industry’s largest investment firms, AutoRek ensures scalability, compliance and a competitive edge in financial operations.

Recent milestones

• New product launch: Introduced a high-precision reconciliation tool capable of handling digital assets up to 18 decimal places
• Strategic partnerships: Collaborated with Microsoft, JP Morgan, Capgemini, Calastone, and Swift to drive global adoption
• Cloud-native innovation: Became a Microsoft Azure Native resource, enhancing scalability and security for financial institutions worldwide

Future objectives

Key AutoRek objectives include:

• US growth acceleration by opening a new office and expanding its North American reach with local teams to service clients across geographies
• Autonomous AI integration by enhancing AI-driven insights while introducing autonomous AI agents that handle complex reconciliation workflows, reduce manual intervention and accelerate processing speeds across the globe
• Digital transaction growth, by delivering specialized solutions for cryptocurrency and digital asset reconciliation to support rapidly expanding transaction volumes

Why they won

If there is one maxim that applies to London-based AutoRek, it is this: If at first you don’t succeed, try, try again. It’s an adage that over the years has applied to the industry’s largest names in the context of these awards. And for good reason: As most would attest, these awards are anything but easy to win. But now, finally, AutoRek has landed the coveted best reconciliation provider category in the BST Awards, following up its inaugural success in the corresponding category of this year’s Waters Rankings.

AutoRek’s win is thanks largely to its approach in helping buy-side firms manage data, compliance and operational efficiency at scale. Its end-to-end, rules-driven reconciliation platform is designed to automate every stage of the process from data ingestion to regulatory reporting, delivering accuracy, speed, and crucially, transparency. AutoRek’s flexibility allows clients to tailor workflows to their specific needs while achieving significant time and cost savings—up to 75% faster reconciliations and 50% lower costs per reconciliation, based on client feedback. Its cloud-native design on Microsoft Azure ensures scalability, resilience, and security, while recent innovations, including reconciliation for digital assets up to 18 decimal places and new AI-driven automation showcase the firm’s commitment to staying ahead of evolving market demand.

It’s taken a while for AutoRek to force its way into the winners’ circle of these awards, and it’s unlikely that it’ll surrender its title without a fight in 12 months’ time. It’s a fight the folks at AutoRek will no doubt relish.