CACEIS Enhances Middle-Office Capabilities through Collaboration with Nephelai

CACEIS Enhances Middle-Office Capabilities through Collaboration with Nephelai

(IN BRIEF) CACEIS has announced its integration of Nephelai’s machine learning solution into its Middle-office Trade Management services as part of its digital transformation strategy. This technology enhances transaction processing by capturing, verifying, and enriching data while monitoring settlements and managing penalties. By analyzing each transaction for anomalies and correcting client instructions before market execution, it reduces settlement failures and allows staff to focus on higher-value tasks, improving service quality. Sandrine Legrand, CACEIS’s Head of Middle-office, noted the potential for increased efficiency and client satisfaction. Nephelai’s CEO, Éléonore de Vial, highlighted the collaboration as a testament to CACEIS’s commitment to fintech innovation.

(PRESS RELEASE) MONTROUGE, 2-Oct-2024 — /EuropaWire/ — In a strategic move that reflects its commitment to a client and staff-focused digital transformation, CACEIS has announced the integration of Nephelai’s advanced machine learning solution into its Middle-office Trade Management services.

This innovative technology is designed to optimize the transaction processing workflow for clients, encompassing the entire spectrum from data capture, verification, and enrichment to confirmation, settlement monitoring, and penalty management. Before executing market orders, the system meticulously analyzes each transaction, identifying anomalies, filling in missing data, and rectifying client instructions. This proactive approach significantly diminishes the risk of settlement failures. As a result, middle-office personnel can dedicate more time to high-value activities, ultimately enhancing the overall quality of service provided to clients.

Sandrine Legrand, Head of Middle-office at CACEIS, commented, “Our Trade Management service processes over 30,000 transactions monthly. By leveraging the predictive capabilities of Nephelai’s software, we aim to boost operational efficiency while simultaneously elevating client satisfaction and employee performance.”

Éléonore de Vial, CEO of Nephelai, expressed her enthusiasm for the partnership, stating, “CACEIS’s integration of our SaaS solution into its operational processes underscores its commitment to harnessing fintech innovations. We are excited to collaborate with CACEIS, a prominent player in asset servicing, dedicated to driving digital transformation within its industry.”

About CACEIS

CACEIS is the asset servicing banking group of Crédit Agricole and Santander dedicated to asset managers and institutional investors. Through offices across Europe, North and South America, and Asia, CACEIS offers a broad range of services covering execution, clearing, forex, securities lending, custody, depositary, fund administration, fund distribution support, middle-office outsourcing and issuer services. CACEIS is a consolidator in the European asset servicing market and posts sustained growth in its business activities. The group holds over €5 trillion in assets under custody and over €3.4 trillion in assets under administration (figures as of 31st March 2024).

www.caceis.com

About Nephelai

Nephelai is a Fintech developer of a middle-office productivity SaaS solution. Its application monitors matching and settlement of financial transactions, the management of CSDR fines and associated claims, while automatically filling in missing financial transaction information. Using machine learning algorithms, the solution is exceptionally simple to integrate and use. Nephelai’s counts asset managers, investment banks and asset servicing groups among their clients, with middle & back-office traders and operators as the main users.

www.nephel-ai.com

Media Contact:

CACEIS:
Claude Michaux
Tel: +352 4767 2792
claude.michaux@caceis.com

Nephelai:
Éléonore de Vial
eleonore.devial@nephel-ai.com

SOURCE: CACEIS