Asset servicing is challenging to automate , whether you choose a vendor system or build in-house.
Whilst great strides have been made around standardisation, any Asset Servicing process will still have to support multiple formats and ways of representing key data.
Integration challenges are often underestimated. In many global firms , reference data is inconsistent across the enterprise, there are multiple books and records that represent the same data in different ways.
Asset Servicing programs require expert resources with operational and automation domain knowledge.
Whilst each business is unique many of the challenges are common to all so experience is critical.
It is vital that the current state is reviewed with issues and gaps documented.
A Target Operating Model that can deliver the program benefits should be defined before any solution decisions are made
TOPIC have worked with some of the worlds leading financial institutions to deliver global Asset Servicing solutions for Custody, Funds, Markets and Prime Brokerage.
TOPIC have worked on in-house developed Asset Servicing solutions as well as those from leading Asset Solution providers including :-