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AutoRek

AutoRek

Solution(s): AutoRek
Website(s): autorek.com (Off-site)
Contact: Max Dovgy, maxim.dovgy@autorek.com

Inclusion of a provider in the exchange does not reflect any recommendation or endorsement by the Federal Reserve, or any relationship between the provider and the Federal Reserve. Learn more.

Services and products to support the FedNow® Service

Our powerful automated reconciliation tool, which helps clients automate manual processes and achieve 50%+ cost reduction and save 75% of time. The solution takes control of data and provides regulatory compliance.

Key benefits

  • Reduce operating costs and meet cost reduction objectives
  • Remove spreadsheets and manual processes for greater efficiency
  • Achieve ROI within 9 months
  • Reconcile data in any format, allowing easy integration with existing systems
  • Enhance regulatory compliance
  • Access real-time insight and granular reporting, giving you full data confidence
  • Automated workflows to increase efficiency and streamline processes
  • Real-time, reliable MI and comprehensive audit trails allow accurate reporting
  • Fully scalable to support company growth

Segment type(s)

  • Financial Institution Service Provider

Solution type(s)

  • AP/AR/ERP and Treasury Management Systems
  • Core Banking Platforms
  • Payment Service Providers
  • Risk Management and Fraud Services

Use cases/markets served

  • Bill Pay and Presentment
  • Buy Now Pay Later
  • Digital Wallet Funding/Defunding
  • Health Care
  • Insurance
  • Loans (direct or indirect)
  • Merchant
  • P2P Payments

FedNow functionality supported

  • Back Office/Treasury Management Services
  • Receiving FedNow Transactions
  • Sending FedNow Transactions – Business Accounts
  • Sending FedNow Transactions – Consumer Accounts

Ability to integrate with outside core processing solutions

  • Yes, any (core agnostic)

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Note on exchange information

Federal Reserve Financial Services (FRFS) is solely a host for the information presented in this Innovator Exchange and the inclusion or exclusion of a provider should in no way imply any relationship with, or recommendation or endorsement by, the Federal Reserve. Exchange presenters are not utilized by the Federal Reserve for the production or delivery of the FedNow Service. FRFS takes no responsibility for the content or accuracy of the information presented. Users of the exchange should perform their own due diligence on providers. See the Terms of Use and Privacy Policy for additional information.