Corporate actions/asset servicing operating models have not seen any radical transformation in the past three decades. The focus has been on cleansing source data and managing complex and risk-inherent instructions, promoting a labor-intensive operations model--right from the exchanges and CSDs through to asset managers. The biggest impact, however, has been the delays in data processing and inflexible intermediary deadlines that restrict investment decision-making windows.
As a second installment in our TCS BaNCS Dialogues on Cloud and Asset Servicing, we examined the transformative role that technology and a Cloud First approach are playing in the evolution of next generation operating models in the corporate actions space. Our panelists shared their views and delved into the possibility of invisible operating models that draw upon high levels of automation and leverage cognitive tools such as AI and Machine Learning.
- Niki Prodanovic, Principal (General Partner), Canada Operation, Edward Jones
- Nick Weiss , Director, STU - Azure Transformation, Financial Services at Microsoft
- Will Sheehan, Senior Product Owner, Vanguard
Moderator: Giles Elliott,Global Head, Business Development, Capital Markets, TCS BaNCS
Tune into our previous edition of the TCS BaNCS Dialogues on Cloud and Asset Servicing to know more on how Corporate Actions-as-a-Service promises to speed up return on investment and reduce the hurdles for financial services companies looking to adopt the flexibility and agility of the cloud.
Read a PoV on how financial institutions are deploying Corporate Actions on Cloud to open up new opportunities for mutualization and sharing of the common functions and accurate event information capture.
- Can the C in Cloud be the C-ilver bullet that can bring about the C-ea change to the world of asset servicing?
- Centralized Corporate Actions Data Pool Powered by Distributed Ledgers on Cloud
Gain Insights from our Customer Successes: Single Data Model Enables APIs Combining Securities Processing and Corporate Actions for Standard Chartered Bank