Xceptor
by Xceptor · Bank Reconciliation
Data automation platform for reconciliations, confirmations and post-trade ops.
Updated August 2026 · By the ERP Research Editorial Team · Independent and vendor-neutral.
- Works with
SAP- Deployment
- Cloud, On-premises
- Company size
- Enterprise
- Pricing
- Quote-based
- Founded
- 2003
- Headquarters
- London, United Kingdom
Overview
Xceptor is a data automation platform built for financial institutions, with reconciliations as one of its core, purpose-built solutions alongside tax processing, confirmations, client lifecycle management and post-trade operations. The platform ingests structured data (XML, JSON, CSV, Excel) and unstructured sources (PDFs, emails, SWIFT messages, faxes), normalises it, and applies configurable matching rules so operations teams can automate reconciliation and exception-management workflows without heavy IT involvement.
For reconciliations specifically, Xceptor supports inter-system, trade, and regulatory reconciliation types, with unlimited configurable match and comparison rules, tolerances, multi-way matching, and aging models to flag risk. Workflows are built through a drag-and-drop interface aimed at non-technical business users, and exceptions are automatically routed based on user-defined criteria with full audit trails. The company reports client results including a 97% reduction in reconciliation processing time for MarketAxess and 50-75% faster reconciliations for a global investment bank client.
Xceptor is aimed at capital markets participants -- asset managers, banks, custodians, hedge funds and securities services firms -- rather than general corporate ERP buyers. It reports serving over 100 financial-services clients across 60 countries, including 20 of the top 50 global banks and 8 of the top 10 global custodians, with named clients such as MarketAxess, Schroders and ICBC Standard Bank.
Features & capabilities
Data Capture & Connect
Ingestion and normalisation of structured and unstructured data from any source.
- Structured data ingestion (XML, JSON, CSV, Excel)
- Unstructured data ingestion (PDFs, emails, faxes, SWIFT messages)
- Automatic data normalisation and standardisation
- Connector Marketplace covering trade/order management, risk, accounting and market-data systems
- API-first connectivity
Reconciliation & Matching
Configurable matching engine for reconciliation workflows.
- Unlimited configurable match and comparison rules
- Multi-way (three-way) matching
- Tolerance-based and formula-based matching
- Inter-system, trade and regulatory reconciliation types
- Aging models to surface risk
- Automatic exception routing with audit trails
Automate & Orchestrate
Drag-and-drop workflow builder connecting people, systems and data.
- No-code/low-code drag-and-drop workflow builder
- Multi-step process orchestration
- Business-user self-service rule configuration
- AI-assisted document intelligence for unstructured inputs
- Confidence scoring and human-in-the-loop exception review
Operate & Govern
Monitoring, exception management and audit for production reconciliation processes.
- Monitoring dashboards
- Exception management queues
- Full audit trail and data lineage
- Role-based access control (OAuth2/SAML)
- Automated and ad hoc reconciliation reporting
Common use cases
- Automating three-way trade reconciliation across up to 15 million rows of data
- Replacing Excel-based manual reconciliation processes with a configurable no-code platform
- Ingesting and reconciling SWIFT messages and broker/custodian statements automatically
- Reducing dependency on vendor support tickets by letting internal teams build and deploy reconciliation rules
- Running regulatory reconciliation checks with full audit trails for compliance
- Onboarding new reconciliation types (cash, position, trade) onto a single platform
- Migrating legacy EUC (spreadsheet-based) reconciliation tools to a governed automation platform
Strengths & considerations
Strengths
- Business-user-configurable, no-code workflow builder aimed at reducing reliance on technical/IT teams
- Purpose-built for capital markets data types: SWIFT messages, broker/custodian statements, and other unstructured financial documents
- Reports 20 of the top 50 global banks and 8 of the top 10 global custodians as clients
- Multiple deployment models: Xceptor SaaS, client cloud, or on-premises
ERP integrations
Pricing
No published pricing; Xceptor sells via demo request and direct sales engagement, priced per client requirements. Get an independent shortlist with pricing guidance below.
Technical & security
- Hosting
- Xceptor SaaS, client-hosted cloud, or on-premises
- Compliance
- ISO 27001
About the vendor
- Founded
- 2003
- Headquarters
- London, United Kingdom
- Employees
- ~230
Alternatives to Xceptor in Bank Reconciliation
Xceptor — frequently asked questions
What is Xceptor used for?
Xceptor is a data automation platform used by financial institutions to automate reconciliations, tax processing, trade confirmations, client onboarding and post-trade operations, replacing manual and spreadsheet-based workflows.
Does Xceptor integrate with ERP or accounting systems?
Xceptor's Connector Marketplace lists SAP under its accounting and finance connectors, alongside trade/order management systems (Murex, Summit, Aladdin), risk and compliance platforms, and market data providers such as Bloomberg and Reuters.
Who typically uses Xceptor for reconciliations?
Xceptor's reconciliation customers are capital markets participants -- banks, custodians, asset managers, hedge funds and securities services firms -- rather than general corporate finance teams. Named clients include MarketAxess, Schroders and ICBC Standard Bank.
How is Xceptor priced?
Xceptor does not publish pricing. It sells through a demo-request and direct sales process, with pricing set per client based on requirements.
How is Xceptor deployed?
Xceptor offers three deployment models: a fully managed Xceptor SaaS environment, self-hosted deployment on the client's own cloud infrastructure, and traditional on-premises installation.
Evaluating Bank Reconciliation?
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