Xceptor Lasers in on ML and NLP
The vendor is also considering including deep learning capabilities to the platform.
Data ingestion and process automation provider Xceptor is building out the machine-learning (ML) and natural-language processing (NLP) functionalities of its platform.
The no-code platform has native artificial intelligence (AI), workflow, reconciliation, and exception management for end-to-end automation.
Andrew Kouloumbrides, CEO of the London-based software vendor, says that typically a data scientist would configure the AI functionality in the platform. However, with Xceptor, the configuration is done by the end user. Much of the existing ML functionality is for data enrichment and capture.
Xceptor can consume simple, structured and unstructured data. As more firms begin to automate an increasing amount of unstructured data, Xceptor uses NLP to read and route email instructions from clients to identify clauses in complex contracts.
Xceptor will consider including deep learning capabilities, Kouloumbrides says. And the depth and breadth of its data ingestion functionality are becoming more important as firms look to extract value from derived, unstructured data, and alternative data.
Deutsche Bank recently onboarded Xceptor’s platform to automate its core operational processes in Indonesia. Xceptor will help the bank automate reconciliations with multiple external parties for its securities services business. For example, the platform will be used to automate the computation of components of taxes such as capital gains and withholdings.
Jeslyn Tan, global head of product management, securities services at Deutsche Bank, says: “We will look into deploying Xceptor’s solution in other locations once it has been implemented successfully in Indonesia.”
In December 2018, the Depository Trust and Clearing Corp. integrated Xceptor’s software to assist with reports submitted to trade repositories for the Securities Financing Transactions Regulation.
Using Xceptor’s platform, DTCC clients can capture and normalize data in any format. The service also provides a pre-check review for data enrichment and validation, allowing firms to make corrections to the data before submitting to a trade repository.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Data Management
Waters Wavelength Podcast: Bloomberg’s Tony McManus
Tony McManus, global head of enterprise data division at Bloomberg, joins the podcast to talk about the importance of data in the context of AI and GenAI.
Putting the ‘A’ in CDO: The rise of the chief data and analytics officer
As data and analytics become more intertwined, banks and vendors are creating a new role—the chief data and analytics officer—to help them take advantage of the opportunities it presents. It may sound easy, but rethinking data can be a gargantuan task.
The IMD Wrap: Talk about ‘live’ data, NAFIS 2024 is here
This year’s North American Financial Information Summit takes place this week, with an expanded agenda. Max highlights some of the must-attend sessions and new topics. But first, a history lesson...
Waters Wavelength Podcast: S&P’s CTO on AI, data, and the future of datacenters
Frank Tarsillo, CTO at S&P Global Market Intelligence, joins the podcast to discuss the firm’s approach to AI, the importance of data, and what might be in store for datacenters in the coming years.
Breaking out of the cells: banks’ long goodbye to spreadsheets
Dealers are cutting back on their use of Excel amid tighter regulation and risk concerns.
BMO’s cloud migration strategy eases AI adoption
The Canadian bank is embracing a more digital future as its cloud strategy makes gains and it looks to both traditional machine learning and generative AI for further augmentation.
Waters Wrap: GenAI and rising tides
As banks, asset managers, and vendors ratchet up generative AI experiments and rollouts, Anthony explains why collaboration between business and tech teams is crucial.
People Moves: NorQuant, Tradition, Duco, HKEx, SimCorp, Hazeltree, Xceptor, Broadridge, and more
A look at the past month’s people moves in the capital markets technology and data space.
Most read
- Waters Wavelength Podcast: S&P’s CTO on AI, data, and the future of datacenters
- Chris Edmonds takes the reins at ICE Fixed Income and Data Services
- DTCC urges affirmation focus ahead of T+1 move