AutoRek, a global leader in reconciliation and financial control automation for financial services, is expanding its footprint in North America with the launch of its U.S. headquarters in the iconic Chrysler Building. AutoRek is bringing its innovative reconciliation technology to firms struggling with legacy systems, rising transaction volumes, and regulatory complexity.

According to AutoRek's latest industry survey, global transaction volumes are set to surge by 32% over the next two years. With rising market volatility, increasing data complexity, and inefficiencies stemming from outdated technology, the need to streamline operations and embrace automation has never been more critical.

"The financial services industry is at a tipping point," said Jack Niven, VP of North America at AutoRek. "The reliance on legacy systems and manual processes is no longer sustainable. Firms that fail to modernize risk inefficiencies, compliance failures, and ultimately, lost alpha."

AutoRek has already gained significant traction in the U.S. market, securing six major clients across asset management, capital markets, insurance, and payments in the past 12 months. This expansion comes at a critical time when financial institutions urgently need scalable solutions to manage growing transaction volumes and rising operational costs. With its highly configurable, cloud-native platform, AutoRek enables firms to eliminate manual reconciliation bottlenecks, ingest and normalize data in any format, and reconcile high-volume transactions at speed and with unparalleled accuracy.

"Our U.S. expansion isn't just about opening an office—it's about embedding ourselves in the financial services community and delivering real solutions to real challenges," added Niven. "We're already seeing incredible demand from firms looking to gain a competitive edge through automation."

"We are thrilled to be expanding into the U.S. at such a pivotal time. This expansion allows us to work even more closely with U.S. firms, helping them automate complex reconciliations, ensure regulatory compliance, and reduce operational costs," said Chris Livesey, CEO of AutoRek. "We are committed to building a smarter, more efficient financial ecosystem, and this expansion is a key part of that vision."