Demand – The Automation Imperative in Asset Servicing

 

• What are the core points and challenges presently dealing with the asset servicing sector?
  
  
• What’s the long-term case for trade standardisation from issuer to investor?
  
  
• How can monetary establishments modernise their methods to minimise value and danger presently related to asset servicing?

 

The asset servicing world is in want of modernisation. In keeping with the Worldwide Securities Providers Affiliation’s (ISSA) analysis from 2024, buyers are presently carrying a price of USD $14 million for company motion processing, and buyers’ asset servicing prices are rising by 23% each year.

On the core of those points lies course of and know-how. Monetary establishments are tormented by processing errors and knowledge gaps and provided that 72% of messages immediately are nonetheless processed manually, the chance is extreme. Establishments can deal with these dangers by modernising methods to permit for asset servicing automation.

Presently, asset servicing may be very folks intensive on each the issuer and investor aspect, in addition to with intermediaries. Larger automation gives alternatives that will permit establishments to not simply lower danger (by as a lot as 87%), however decrease prices as nicely. So how can monetary establishments deal with the core points they’re dealing with and successfully modernise their methods and processes?

Register for this Finextra webinar, hosted in affiliation with Broadridge, to affix our panel of trade specialists who will focus on the alternatives of asset servicing automation and the way it addresses the core points monetary establishments are presently dealing with.