Date: 10 September 2019

Watson Wheatley Announce Three Recent Overseas Contracts

Watson Wheatley, specialists in data reconciliation solutions, have announced the recent signing of three overseas contracts. Following competitive bidding processes and thorough ‘proof of concept’ projects the iRecs system was chosen to provide comprehensive data reconciliation between internal portfolio accounting systems and prime brokers, custodians and administrators.

The new signings, based in Hong Kong and Southern Europe, mark progress for Watson Wheatley in terms of geographical coverage and validate the recent increase in overseas interest. Furthermore, these clients have opted to use the increasingly popular secure hosting platform created specifically for the iRecs system, allowing new instances of iRecs to be made available for implementation to commence in only a matter of hours.

Tom Wheatley, COO, Watson Wheatley:

“Not only are we excited to announce these new contracts but are pleased to receive very positive feedback on the functionality of the system and the implementation process itself. Importantly two of the three new contracts have already led to further introductions and scheduled proof of concepts with other funds”.

About Watson Wheatley Financials Systems

Watson Wheatley was founded in 2007 to solve reconciliation complexities in buy-side firms and bring much needed reconciliation expertise to the FinTech space. Watson Wheatley is a privately held company that specialises in securities reconciliation for the buy-side. With extensive experience in the financial markets and a reputation for excellent customer service, Watson Wheatley is regarded as the premier provider of reconciliation and data aggregation solutions for alternative asset managers.

About iRecs Reconciliation

The iRecs reconciliation tool was originally built for one of the largest hedge funds in Europe and offers a best practice approach for reconciling even the most complex instruments. The system offers a fully integrated and best practice reconciliation approach which fully explains balance and position differences using the underlying transaction data. iRecs is now used by hedge funds, asset managers, commodities traders, P2P lenders and private equity firms worldwide.

Contact:

For Watson Wheatley: Tom Wheatley, tom@watsonwheatley.com