Accenture helps Banks to transform their Operations
VARINDIA- INDIA'S FRONTLINE IT MAGAZINE
Accenture(NYSE:ACN) and Broadridge Financial Solutions(NYSE:BR) have launched Accenture Post-Trade Processing, a solution to help banks operating in Europe and Asia-Pacific reduce post-trade processing costs, adapt to new regulations and technology, and quickly and efficiently launch new products and enter new markets. The solution provides post-trade processing and technology services to support settlement, books and records, asset servicing, operational management and control, real-time data access and administrative accounting.
Accenture Post-Trade Processing, which is a strategic collaboration between Accenture and Broadridge Financial Solutions, combines Accenture’s global business process outsourcing capabilities and global capital markets industry expertise with Broadridge’s leading post-trade processing technology. Accenture and Broadridge have designed the solution to also accommodate other technology to support certain functions, such as reconciliations and corporate actions processing, which is provided by SmartStream, another key alliance partner of Accenture.
"The global investment banking industry is at a crossroads, with regulatory, market and technological pressures changing the economics of the business and leading banks to fundamentally reassess their operating models. Post-trade processing plays a vital role in client service, but represents a significant and often stubbornly fixed cost for banks. Our new solution provides the efficiencies, scalability and regulatory capabilities in post-trade processing that can help banks rebuild their business models around more profitable services and differentiate them from the competition," said Bob Gach, Global Managing Director of Accenture's Capital Markets industry practice.
Accenture Post-Trade Processing will offer scalable, cost-efficient securities processing based......See More
Accenture Post-Trade Processing, which is a strategic collaboration between Accenture and Broadridge Financial Solutions, combines Accenture’s global business process outsourcing capabilities and global capital markets industry expertise with Broadridge’s leading post-trade processing technology. Accenture and Broadridge have designed the solution to also accommodate other technology to support certain functions, such as reconciliations and corporate actions processing, which is provided by SmartStream, another key alliance partner of Accenture.
"The global investment banking industry is at a crossroads, with regulatory, market and technological pressures changing the economics of the business and leading banks to fundamentally reassess their operating models. Post-trade processing plays a vital role in client service, but represents a significant and often stubbornly fixed cost for banks. Our new solution provides the efficiencies, scalability and regulatory capabilities in post-trade processing that can help banks rebuild their business models around more profitable services and differentiate them from the competition," said Bob Gach, Global Managing Director of Accenture's Capital Markets industry practice.
Accenture Post-Trade Processing will offer scalable, cost-efficient securities processing based......See More
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