The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Asian Ops of Tier 1 European Bank Selects SmartStream’s TLM Corporate Actions

The Asian operations of a tier 1 European bank has selected SmartStream Technologies’ Transaction Lifecycle Management (TLM) Corporate Actions solution with a view to improving processing efficiency throughout the corporate event lifecycle and reduce risk. According to the vendor, the solution allows the bank to achieve automation in previously highly manual processes.

The bank’s operations in Hong Kong, which serve as a regional hub for Asia, sought to replace its existing manual corporate event processing with an automated solution, says Richard Cummings, Asia Pacific regional director at SmartStream. The bank hopes the solution will enable it to scrub and cleanse event notifications from multiple parties including custodians, Bloomberg, and several stock exchanges more efficiently.

During the selection process, SmartStream claims it offered the most functionally-rich solution available to match the bank’s needs. The solution will therefore enable the automated processing of initial event notifications, elections, entitlement calculation and payment notifications.

Cummings says: “As competition for business increases across Asia, existing manual processing of events is costly, error prone and creates an unnecessary risk to the organisation.”

Related content

WEBINAR

Upcoming Webinar: FRTB: What still needs to be done before the global deadline of January 2023?

Date: 8 March 2022 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes While implementation of Fundamental Review of the Trading Book (FRTB) regulation has been delayed twice for reasons first of complexity and second of the coronavirus pandemic, the final deadline of January 1, 2023 is less than a year away....

BLOG

LGT Capital Partners Selects SimCorp to Advance Digitisation and Support Global Scale and Growth

LGT Capital Partners, a global specialist in alternative investing with US$75 billion assets under management, has signed an agreement with SimCorp to advance digitisation of its investment operations and support global scale and growth. The contract has a committed average annual value of €2 million and covers the use of SimCorp’s cloud-based investment management platform,...

EVENT

RegTech Summit APAC

Now in its 2nd year, the RegTech Summit APAC will bring together the regtech ecosystem to explore how capital markets in the APAC region can leverage technology to drive innovation, cut costs and support regulatory change. With more opportunities than ever before for RegTech to add value, now is the time to invest for the future. Join us to hear from leading RegTech practitioners and innovators who will share insights into how they are tackling the challenges of adopting and implementing regtech and how to advance your RegTech strategy.

GUIDE

ESG Handbook 2021

A-Team Group’s ESG Handbook 2021 is a ‘must read’ for all capital markets participants, data vendors and solutions providers involved in Environmental, Social and Governance (ESG) investing and product development. It includes extensive coverage of all elements of ESG, from an initial definition and why ESG is important, to existing and emerging regulations, data challenges...