Reconciliation & Data Remediation

AI acceleration for Front Office & Ops, delivered by Alteryx
    alteryx
 

 

Business challenge

Across the market, Front Office to Back Office reconciliations are increasingly automated, but data remediation remains largely manual and resource-intensive.

Significant effort is still required to categorise and investigate breaks, often without effective prioritisation. As a result, lower-value tasks consume expensive human resources, while more material issues risk remaining unresolved in backlogs, creating inefficiencies and potential operational risk.

 

The approach

Alteryx was used to implement reconciliation logic between ledger and payments data sets, identifying and matching records across both sources. Breaks were scored based on materiality and ageing to prioritise exceptions. An AI agent was then used to interpret the context of each break, and determine the likely cause and resolution path. The resulting next-best-action was fed back into Alteryx, which triggered automated resolution steps in downstream systems where appropriate, based on severity and predefined rules.

Business benefits:

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Prioritisation of breaks

Breaks are automatically scored by materiality and age to focus attention on the most impactful data issues.

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AI-enhanced break understanding

AI agents interpret break context to accelerate classification and triage.

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Automated remediation

Next-best actions are identified and executed directly in downstream systems based on severity.

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Reduced manual remediation effort

Human effort is focused only on high-risk breaks, eliminating low-value processing.

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Improved control and data quality

Faster resolution of material issues reduces backlog exposure and strengthens reconciliation controls.

About the accelerator:

Data sources

  • Front Office trade capture systems
  • Settlement and payments systems
  • Ledger / general ledger data
  • Valuation and risk systems
  • Reference data (counterparties, instruments, accounts)
  • Reconciliation outputs and historical break logs
  • Downstream operational systems

Description

  • Alteryx reconciled ledger and payments data, matching records and surfacing breaks.
  • Exceptions were prioritised by materiality and ageing, with an AI agent analysing context to infer likely causes and next-best actions.
  • These were fed back into Alteryx to trigger automated resolution steps in downstream systems where appropriate.

Key features

  • Automated system reconciliation
  • Break detection across trade, ledger, and payments data
    Scoring by materiality and ageing
  • AI-driven break analysis and next-best actions
  • Automated resolution
  • Prioritised review of exceptions
  • Faster assurance cycles

Why Alteryx?

Alteryx is an intuitive, no-code/low-code platform that enables rapid data preparation, blending, and advanced analytics to automate complex, manual, and repetitive spreadsheet tasks, reducing errors and accelerating financial reporting.

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Reconciliation

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