Automation testing firm Xceptor and OnCorps AI, a provider of AI tools specialised in financial operations, have struck a partnership aimed at enhancing automation in the financial services industry.
The collaboration will combine Xceptor’s technology with OnCorps’ AI-driven analytics and exception management tools. More specifically, they two firms plan to integrate Xceptor’s intelligent data automation capabilities with OnCorps AI’s machine learning algorithms and AI agents.
The companies did not disclose specific client adoption timelines or financial terms of the agreement, but they stressed the integration should reduce manual workloads, lower errors, and improve risk management in post-trade operations.
Michiel Verhoeven, the chief executive officer of Xceptor, said the partnership “makes sense” for his data automation platform for banks and finance firms as it reflects a wider push to modernise financial infrastructure.
“This is a commitment to industry innovation by improving market infrastructure,” he elaborated.
Clients, mostly banks and financial services firms, that use the combined technologies will gain predictive insights into operational disruptions, leading to reduced manual intervention and increased operational reliability.
Xceptor’s platform evolves around streamlining data management, while OnCorps AI specialises in automating repetitive and predictable tasks within financial operations.
Bob Suh, the CEO of OnCorps AI, added that the deal will help speed up deployment of its AI agents by leveraging Xceptor’s data processing capabilities.
“Xceptor can help us speed up the configuration and fine-tuning of new agents, enhancing our capabilities in financial operations,” Suh shared.
Hiring spree
Xceptor is experiencing somewhat of a record year after the company grew its workforce significantly in 2024 with a range of heavyweights coming on board.
At the end of last year, it appointed Grant Coombe as the firm’s new chief revenue officer (CRO).
His hire followed a range of senior appointments as the company is growing rapidly, particularly across Asia.
As CRO, Coombe drives collaboration across the company to oversee Xceptor’s growth, while reporting directly to Michiel Verhoeven, chief executive since April of last year.
As such, Coombe joined the daily executive leadership team at Xceptor, which runs an intelligent automation testing platform that primarily serves clients in the financial services space.
Coombe’s appointment played a major role in taking responsibility for the company’s global growth strategy, stressed Verhoeven at the time.
“The combination of his deep industry expertise, client focus, and commercial acumen makes him an ideal partner to our clients as well as the steward of Xceptor’s expansion plans,” he explained.
Before Xceptor, Coombe served as chief revenue officer at FundApps, and previously held leadership roles at Saleslocker and Bloomberg.
Coombe’s arrival at the firm concluded a range of senior hires in 2024. Earlier last year, Xceptor poached a well-known industry insider in Singapore to lead the company’s APAC operations in a move that underscored its ambitious growth plans in Asia.
The company recruited Keith Man, until recently APAC head at Duco, a global data engineering tech company that provides self-service data engineering including testing in the cloud.
As the firm’s new APAC general manager, Man is responsible for expanding sales efforts, business development and operations in the region while advancing expansion into new markets and segments, explained Verhoeven.
Focus firmly on Asia
Verhoeven stressed the Asian market is a key priority for London-based Xceptor, which also offices in New York City and Singapore.
“The APAC region is dynamic and has tremendous potential. We have made a strategic decision to continue investing in the APAC region to ensure we are well-positioned to serve our clients effectively,” he said.
“While we see some firms scaling back, we believe in the long-term growth potential of this market, we embark on a new chapter of growth in this dynamic region,” Verhoeven added.
Xceptor is increasingly taking a global focus from its offices in London, New York City and Singapore.
Man will be based in Xceptor’s existing Singapore hub, which was set up in 2017. It has since expanded to serve as its APAC hub, including sales, client success, delivery and support teams that serve local, regional and global clients.
While expanding the Asian office, Man will set out strategies to drive client success, as well as strategic partnerships and alliances across the region.
“While we see some firms scaling back, we believe in the long-term growth potential of the APAC market.”
– Michiel Verhoeven
Before Duco, Man held senior roles at Standard Chartered Bank and TriOptima, which is now know as OSTTRA.
Man shared with QA Financial that he is “excited to join an established team that is poised for successful expansion in this region, and look forward to setting the direction for our long-term growth as we deepen engagement to support client success.”
Finally, worth mentioning is that Xceptor created the new role of chief client success officer (CCSO), appointing Strath Lanyon.
“The creation of the CCSO role reflects our dedication to client centricity,” Verhoeven explained. “Lanyon’s appointment to this newly created role underscores a commitment to driving experiences across our global operations.”
Lanyon stressed that since “the financial services landscape is evolving at an unprecedented pace, it is essential that clients are able to leverage our technology to solve complex challenges, and that they see our commitment as valued partners to achieving their business performance and growth objectives.”
Lanyon has responsibility for the complete post-sale client journey to drive adoption, satisfaction, and retention.
Reporting into Verhoeven, Lanyon joined the Xceptor executive leadership team and board, while partnering with the rest of the business to elevate the company’s client engagement.
Before joining Xceptor, he held senior roles in Adenza and Calypso Technology, and played a significant role in scaling Adenza’s cloud services division.
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