Xceptor Lasers in on ML and NLP
The vendor is also considering including deep learning capabilities to the platform.
![automated-157399339](/sites/default/files/styles/landscape_750_463/public/article_copied_files/automated-157399339.jpg.webp?h=0e3898ad&itok=152GkOoc)
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
US banks seek to open vendors’ black box on green data
Inaugural Fed climate scenario analysis flags lack of transparency around third-party models.
IEX Cloud closure forces fintech clients to seek data alternatives
IEX says it is ditching its unprofitable data arm to focus on its core exchange business, but other vendors believe they can turn a profit from its former client base of fintechs, retail investors and some institutions.
The IMD Wrap: Déjà vu as exchange data industry weighs its options
Max highlights some of WatersTechnology’s recent reporting on data costs and capacity issues facing the options industry, and asks, haven’t we seen this before somewhere?
FRTB data quality issues persist amid shifting implementation dates
Banks are finding market and reference data challenges posed by the FRTB’s standardized model tricky, compounded by uncertainty over when the regulation will take effect.
Cboe pushes rule change to make way for proprietary Opra alternatives
As US options data has grown in volume and cost, Cboe says changing the public feed's governing document would make way for more competition from private alternatives, including its Cboe One Options Feed, launched in 2023.
Waters Wrap: What’s going on ‘Here’? Examining interop’s next move
OpenFin is now known as Here. Anthony explains what the rebrand might signal for the application interoperability space.
This Week: MSCI, Tradeweb, FactSet, LTX, MarketAxess, TS Imagine, and more
A summary of the latest financial technology news.
Regulators urged to promote cyber security investment
Public interest in stopping cyber attacks that could trigger bank runs, says Bundesbank researcher