Goldman Sachs, JPMorgan and others back risk management startup AccessFintech

Israel-based AccessFintech has created a network that aggregates and helps resolve so-called business “exceptions”, or errors that financial institutions make when carrying out business activities and that require interventions to be resolved. In capital markets, these errors may include data discrepancies between counterparties on the financial terms of a trade or wrong information used to identify a client. Once spotted the errors are normally handled manually, via numerous phone calls and emails between various firms.

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