Xceptor, an intelligent data automation platform for financial markets, and OnCorps AI, a provider of pre-trained artificial intelligence (AI) and agents for financial operations, are partnering to bring advanced reconciliations and confirmations solutions to the industry.
The joint development aims to equip financial leaders and business operations teams with AI-driven insights to reduce manual processes, improve efficiency and strengthen risk management.
“Xceptor can help us speed up the configuration and fine-tuning of new agents. This partnership strengthens our ability to provide superior AI solutions to our customer’s financial operations,” said Bob Suh, founder and CEO of OnCorps AI, in a statement.
Clients will benefit from being able to predict where process breaks may occur and seek a reduction in manual efforts, errors, and risks. The collaboration will also pave the way for more efficient and reliable financial and business operations.
Xceptor’s reconciliations, confirmations and tax reclaims products run on Xceptor’s intelligent automation platform with an embedded AI governance module. This platform is designed to connect to any source in any format, streamlining data ingestion, normalization and validation to ensure reliable data is integrated within operations.
OnCorps AI’s advanced machine learning algorithms and agents are designed to handle predictable and laborious calculations, decisions, and tasks within financial operations. With the potential to leverage each other’s specialty area, this partnership promises to significantly reduce the burden of manual processes for financial institutions.