Demand for timely and accurate corporate actions data is increasing as the complexity and volumes of events continues to rise, and financial institutions acknowledge the costly gap between accurate corporate actions processing in real, or near-real, time and faulty processing caused by poor data and resulting in missed opportunities to optimise revenue.
While many firms still process parts of corporate actions manually, the growing complexity and volume of events in capital markets calls for automation that will reduce manual intervention, improve processing, cut down costs, and improve client service levels. But there are challenges, such as data sourcing, quality, consolidation and distribution. There are also solutions.
The challenges and solutions of corporate actions will be discussed during an A-Team Group webinar on Thursday 18 November, Best Practice Approaches for Corporate Actions Automation. The webinar is sponsored by solution providers Bloomberg and SmartStream, who will be joined by a panel of expert practitioners to discuss how financial institutions can ease the burden of corporate actions by automating processing, taking an holistic approach to event lifecycles, and sourcing high quality, accurate and timely data that fulfils, but does not overreach, the corporate actions processing requirement.