Skip to main content
Skip to footer

  • Banking / white paper

Transform Custodian Banking by Leveraging Intelligent Technologies

 

Nageswara Rao Patnala

Consulting Partner, Capital Markets, Banking, Financial Services and Insurance, TCS

Yagneswara Sarma Bulusu

Consulting Partner, Capital Markets, Banking, Financial Services and Insurance, TCS

You have these already downloaded

We have sent you a copy of the report to your email again.

Reimagine reference data setup, trades and settlement and asset servicing

Custodian banks are required to offer competitive and cost effective services to their customers while complying with evolving regulations amid cost pressures, operational issues and legacy infrastructure. Adoption of digital technologies in custodian banks is gaining traction to resolve these challenges. In an earlier paper, we examined the ways blockchain implementation can rejig key service areas. We now look at the potential of artificial intelligence (AI), robotic process automation (RPA) and cognitive tools built using machine learning (ML) and natural language processing (NLP) to reimagine custodian banking across areas such as client account setup and maintenance, reference data management, trade settlement and corporate action announcements.

Adopting RPA and AI in custodian banking will help

  • Eliminate error-prone manual interventions
  • Reduce time and cost of custodian processes
  • Mitigate operational risk
  • Improve decision-making

More like this

Leveraging Data-driven Decision-making in the Mortgage Business

White Paper | 02 Mar 2023

Enhancing customer experience in banking with IVR system testing

White Paper | 21 Feb 2023

Driving Frictionless CX with TCS’ Digital Customer Engagement Model

Solution | 06 Feb 2023

Utilizing Metaverse to Overcome Regulatory Compliance Issues in Banks

White Paper | 30 Jan 2023

Transformation starts here

Ready to move from enterprise to ecosystem?

Talk to our experts

Find out more