FIS today launched its new Asset Servicing Management Suite to improve asset servicing operations. The suite addresses core issues in asset servicing. Moreover, it targets fragmented systems, manual tasks, and vendor complexity. Therefore, firms can reduce operational risk and cut costs.
In the first place, the suite integrates corporate actions, proxy voting, class action claims, and tax reclaims. After that, it is automation of workflows that companies were doing manually. Therefore, departments get more speed and precision at the same time as they decrease the number of mistakes. Moreover, the solution is bringing together all the information and getting rid of the different data storage places.
Key features and industry impact
Moreover, the suite is designed to enable post-trade automation and manage enterprise workflows. It provides configurable rules, exception handling, and audit trails. Hence, organizations are able to not only streamline their processes but also enhance their control mechanisms. In addition, the suite upgrades client reporting and transparency.
Moreover, FIS designed the platform to work across multiple asset classes.
Consequently, organizations achieve consistent operations across equities, fixed income, and other instruments. In addition, the solution aligns with wider digital transformation goals in fintech. It helps firms modernize infrastructure and scale more efficiently.
What this means for financial institutions is simple. First, they can consolidate vendors and reduce third-party dependency. Second, they can free staff from manual tasks and redeploy them to strategic work. Third, they can meet regulatory demands faster and with better auditability. Therefore, the suite supports both operational efficiency and compliance.
Transitioning to a unified system also enables better decision-making. For example, centralized data offers faster insights and clearer risk signals. Meanwhile, automation reduces processing time and operational cost. Thus, institutions gain measurable benefits in performance and client service.
To sum up, the suite of measures by FIS for Asset Servicing Management pursues the goal of automating and integrating the asset servicing function, thus advancing it. Banks and other financial institutions that are keen on improving their operations, automating post-trade activities, and going through digital transformation may find it worthwhile to consider the suite. Finally, the solution offers a pragmatic path to streamline asset servicing and unlock value.
Explore Finance Tech News for the latest innovations in financial technologies and expert insights shaping the future of digital finance!
News Source: Businesswire.com
