22 September 2017
Visit http://response.ncr.com

Watson Wheatley Implements iRecs reconciliation at Palmerston Capital

15 September 2017  |  1610 views  |  0 Source: Watson Wheatley

Watson Wheatley have announced that Palmerston Capital, the credit-focused alternative investment manager, have implemented the iRecs reconciliation solution.

Specialists in securities reconciliation, Watson Wheatley have used their own in-house implementation team to interface with Orchestrade, Palmerston’s portfolio management system, and external data sources to provide a comprehensive daily reconciliation solution. The fully automated system allows total control and remediation of daily breaks as well as comprehensive integrity checking of position and cash movements against underlying transactional data.

Jesse McCormick, COO at Palmerston Capital: “iRecs has become a core element of our control environment, enhancing historic and internally developed processes, and enabling us to efficiently identify and resolve breaks. The solution represents excellent value for money and the level of automation provided is important as we continue to grow and invest in our operational infrastructure.”

Tom Wheatley, COO at Watson Wheatley Financial Systems:

“We found interfacing with Orchestrade efficient and were able to provide valuable reconciliation output very quickly.”

“Like many of our new clients Palmerston are using our hosted solution which allowed us to implement the system extremely quickly and reduce costs.”

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.capgemini.comdownload the paper nowvisit www.vasco.com

Top topics

Most viewed Most shared
HSBC switches on selfie payments in ChinaHSBC switches on selfie payments in China
12288 views comments | 26 tweets | 41 linkedin
Equifax hack: Visa and Mastercard flag 200k compromised credit cardsEquifax hack: Visa and Mastercard flag 200...
10878 views comments | 6 tweets | 17 linkedin
Dutch bank sentences teenage DDoS culprit to community serviceDutch bank sentences teenage DDoS culprit...
9490 views comments | 6 tweets | 3 linkedin
Apple P2P payments service nears launchApple P2P payments service nears launch
8094 views comments | 18 tweets | 26 linkedin
UAE banks pool cyber security dataUAE banks pool cyber security data
8066 views comments | 5 tweets | 4 linkedin

Featured job

A minimum of £200K (not a limiting factor)

Find your next job