Deutsche Bank's Corporate Bank and Xceptor today announced their partnership to automate the bank's core processes in Indonesia, as part of its broader optimization and digitization strategy.

The bank says that Xceptor provides AI-enabled data centric automation software to easily automate processes thereby driving productivity and operational efficiency.

As part of this partnership, Xceptor will help to automate reconciliations with multiple external parties for the bank's Securities Services business. Computation of various components of tax such as capital gains and withholding tax will also be transformed with the use of Xceptor.

Deutsche Bank says the powerful automation tool is being deployed to bring about reduced manual workloads, exceptions and breaks, improved accuracy and speed. Clients will also benefit from more timely reports transmission and information on potential buy-in in the market.

Andrew Kouloumbrides, CEO at Xceptor, said: "The APAC region is still distinguished by its continued reliance on exchange of information and documents by non-digital means such as by fax.

"This means it still has a disproportionate amount of manual process and uncontrolled workarounds that can be easily automated by Xceptor to support the optimization and governance efforts of its Operations and IT teams."

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Deutsche Bank's Corporate Bank and Xceptor today announced their partnership to automate the bank's core processes in Indonesia, as part of its broader optimization and digitization strategy.

The bank says that Xceptor provides AI-enabled data centric automation software to easily automate processes thereby driving productivity and operational efficiency.

As part of this partnership, Xceptor will help to automate reconciliations with multiple external parties for the bank's Securities Services business. Computation of various components of tax such as capital gains and withholding tax will also be transformed with the use of Xceptor.

Deutsche Bank says the powerful automation tool is being deployed to bring about reduced manual workloads, exceptions and breaks, improved accuracy and speed. Clients will also benefit from more timely reports transmission and information on potential buy-in in the market.

Andrew Kouloumbrides, CEO at Xceptor, said: "The APAC region is still distinguished by its continued reliance on exchange of information and documents by non-digital means such as by fax.

"This means it still has a disproportionate amount of manual process and uncontrolled workarounds that can be easily automated by Xceptor to support the optimization and governance efforts of its Operations and IT teams."