As a leading European asset servicing group, CACEIS is fully committed to digital transformation. By implementing Cardabel's machine learning technology, CACEIS optimises securities and cash position reconciliation as part of its market-leading middle-office outsourcing offer.
Cardabel, a leading company in the field of financial data analytics, has tailored its platform to automate reconciliation tasks that until now necessitated manual intervention by skilled staff. The new technology proposed significantly reduces processing times and enhances CACEIS’ reconciliation offering.
Sandrine Legrand, Head of Middle-Office at CACEIS, stated: "CACEIS is always seeking technology solutions that provide operational efficiency gains for clients. The challenge we were facing was to reduce turn-around times for clients’ reports while dealing with a constantly rising volume of flows. Cardabel’s offer provided the perfect fit, and enables our employees to focus on higher value tasks that raise client satisfaction”.
Lionel Simon, CEO and co-founder of Cardabel, added: “The trust CACEIS has placed in us is further proof of the attractiveness of our machine learning solution. The deployment of Cardabel’s solution was carried out in a very short timeframe thanks to the quality of our product and the hard work of CACEIS’ and Cardabel’s teams, both of which I thank warmly."