New AI capability closes the global broker feed gap, especially across EMEA and APAC, eliminating manual data entry for employees and compliance teams at no additional cost
Skematic, a compliance administration platform for financial services, today announced the launch of its AI Statement Reader, a new capability within its Employee Compliance solution that gives firms complete visibility into every employee brokerage account, regardless of where it is held.
Personal trade surveillance remains one of the most scrutinized areas of regulatory examination. Yet even firms with robust broker feed programs face a persistent blind spot: many brokers, private banks and local custodians, particularly across EMEA and APAC, do not offer direct data feeds. To fill the gap, compliance teams have relied on employees keying in trades by hand, compliance staff transcribing statements, or costly vendor data entry services. Each approach introduces delays, errors and gaps between what a firm’s policies require and what examiners can see.
“Compliance officers shouldn’t have to accept a coverage gap just because a broker doesn’t offer a feed,” said Charles Steerman, Co-Founder and COO of Skematic. “Examiners expect firms to show complete, reliable oversight of employee trading. With Skematic’s new AI Statement Reader, every account is monitored the same way, against the same rules, with the same audit trail, whether it sits at a U.S. broker or a private bank in Singapore.”
Skematic’s AI Statement Reader workflow is fully automated:
- Prompt: Employees are automatically reminded each month to upload statements for any account not covered by a feed
- Extract: Skematic’s AI reads each statement and extracts holdings and transaction data
- Record: Extracted data is recorded directly in the employee’s compliance record, creating an audit-ready trail
- Monitor: Every transaction is tested against the firm’s code of ethics rules, and any exception or violation is flagged with a case opened automatically for review
Global firms have been paying for this gap twice: once in compliance hours and again in vendor data entry fees. We’re offering the AI Statement Reader at no additional cost because complete coverage should be the standard, not an add-on.
With the launch, Skematic now offers firms three complementary ways to capture employee trading activity in a single, unified platform:
- Direct broker feeds from more than 1,300 brokers and custodians
- Plaid-powered API connections that let employees securely link accounts in a few clicks
- The AI Statement Reader, covering any account that issues a statement
Together, these options deliver 100% account coverage without manual data entry by employees or compliance teams.
“Global firms have been paying for this gap twice: once in compliance hours and again in vendor data entry fees,” said Brian Kesselman, Co-Founder and CRO of Skematic. “We’re offering the AI Statement Reader at no additional cost because complete coverage should be the standard, not an add-on.”
The AI Statement Reader sits within Skematic’s broader Employee Code of Ethics solution, which digitizes, centralizes and automates preclearance, transaction reporting, certifications and attestations, gifts and entertainment, and conflict-of-interest disclosures. Today, Skematic is trusted by 450+ firms to manage regulatory compliance
