AutoRek, a provider of automated reconciliation and financial controls solutions, has announced the launch of AutoRek Mion. This new solution further enhances Wolters Kluwer’s data management and reconciliation capabilities added for cryptocurrency and digital asset operations. The Glasgow, Scotland-based company—founded in 1994—works with businesses in banking, payments, asset management and insurance industries.

AutoRek’s technology has been adopted by over 100 companies. The company empowers organizations to use intelligent automation to more effectively collect, store and utilize their data.

AutoRek Mion deal with the hassles of reconciliation and complexities of crypto. It takes on the shortcomings of old guard systems. Now it’s up to 20 digits before and 18 digits after the decimal point. The solution is built to support both high precision and extremely large numbers with precision.

"The challenge wasn’t just about displaying more decimal places—we had to create custom code to overcome fundamental database technology limitations," - Jim Sadler, AutoRek's Chief Product, Technology and Operations Officer

AutoRek has been extending its capabilities organically, through a series of strategic partnerships. Through this work, the company has joined with AccessPay to make it faster and easier to get, reconcile, and report on banking data. Aviva had chosen AutoRek as its reconciliation and CASS tool.

"The financial services industry is at an inflection point with cryptocurrency adoption," - Chris Livesey, AutoRek's CEO

AutoRek’s Finovate debut came at FinovateEurope 2013 in London. Chris Livesey, currently the CEO, and Co-Founder Jim Sadler, Chief Product, Technology and Operations Officer.