Deutsche Bank’s Corporate Bank and Xceptor today announced their partnership to automate the bank’s core processes in Indonesia, as part of its broader optimization and digitization strategy.
Xceptor provides AI-enabled data centric automation software to easily automate processes thereby driving productivity and operational efficiency. As part of this partnership, Xceptor will help to automate reconciliations with multiple external parties for the bank’s Securities Services business. Computation of various components of tax such as Capital Gains and Withholding tax will also be transformed with the use of Xceptor. The powerful automation tool is being deployed to bring about reduced manual workloads, exceptions and breaks, improved accuracy and speed. Clients will also benefit from more timely reports transmission and information on potential buy-in in the market.
Xceptor, the data ingestion and transformation specialist, is a no-code platform that specializes in automating processes through data ingestion of any format, data transformation and process digitization.
Siantoro Goeyardi, Chief Country Officer - Indonesia at Deutsche Bank, said: “We are delighted to partner with Xceptor to automate operational processes and accelerate the digitalisation of client services, which demonstrates our long-term commitment to the Indonesian market. As one of the largest custodians for foreign portfolio investment in Indonesia, and a leading provider of cash management and trade finance services, we are committed to delivering best-in-class services to our clients and this partnership will help us maintain this standard.”
Andrew Kouloumbrides, CEO at Xceptor, said: “The APAC region is still distinguished by its continued reliance on exchange of information and documents by non-digital means such as by fax. This means it still has a disproportionate amount of manual process and uncontrolled workarounds that can be easily automated by Xceptor to support the optimization and governance efforts of its Operations and IT teams.”