AutoRek Partners with iSoftware4Banks on Delivering ROI

As a leading software provider to global financial services firms, AutoRek updated on its website that it has partnered with iSoftware4Banks, a US-based provider of services to support effective financial reporting and compliance, to meet their common goals of improved automation and delivering ROI in the financial services space.

Helping achieve this goal, the partnership makes the two firms combine highly experienced consultants with leading data management technologies.

The cooperation stemmed from the unprecedented events of 2020. The historically office-based financial services industry has moved from the environment it has always known to company-wide working from home within a matter of days. This resulted in various operational issues surfacing across banks, credit unions, investment managers and insurance firms, thereby requiring IT infrastructure, systems and outsourced services to be reviewed globally to future proof robust operational resilience strategies to ensure uninterrupted service.

Head of Partnerships at AutoRek, Marc McCarthy, stated, "Our partnership with iSoftware4Banks comes at a crucial point of this year. As financial services firms consider their 2021 budgets after a turbulent year of operational risk, they will inevitably seek optimal value, which together we are confident in delivering.”

Vincent Raniere, Chief Executive Office, iSoftware4Banks, commented, "We are delighted to be partnering with AutoRek to offer excellence in financial and operational controls to meet regulatory and compliance requirements. In-depth market research confirmed AutoReks solution is the best on the market, and we look forward to working together.”