Deutsche Bank and Xceptor, the data ingestion specialist, today announced a partnership enabling Deutsche Bank to automate its core process in Indonesia.

The partnership also includes Xceptor being used to automate reconciliations with multiple external parties for the bank’s Securities Services division.

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,” said Siantoro Goeyardi, chief country officer, Indonesia, at Deutsche Bank.

“The Asia Pacific region is still distinguished by its continued reliance on the 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 optimisation and governance efforts of its Operations and IT teams,” said Andrew Kouloumbrides, CEO at Xceptor.

In addition to Deutsche Bank, Xceptor is used by numerous global financial firms, including Citi, HSBC, State Street, ANZ, ICBS Standard Bank, Lloyds Bank, BNT Mellon, Northern Trust and Standard Chartered.