Nephelai assists financial institutions in their search to control transaction costs and reach operational excellence.
Our artificial intelligence alerts Front and Operations of potential anomalies on transactions to drastically reduce consequences of booking errors, such as time spent looking for them and then correcting them, financial losses, counterparty claims and regulatory fines.We assist Front Office users during order/transaction entry, prioritize the validation work of the middle office and complement existing STP controls to capture errors which are not being detected today.
Nephelai is integrated within your ecosystem in a few weeks to detect more than 80% of booking errors, sparing the time of your Front and Middle Office, reducing your operational risk and helping you comply with regulations (EMIR, MIFID II). The founding team of Nephelai consists of 5 associates with complementary skills, combining over 35 years of experience in the financial software industry. Our solution is live at an Asset Manager since October 2018 (€77bn AuM) where we detect more than 80% of booking errors with 85% precision rate.