- What are the key issues and challenges currently facing the asset servicing industry?
- In the long term, what speaks for industry standardization from the issuer to the investor?
- How can financial institutions modernize their systems to minimize the costs and risks currently associated with asset management?
The world of asset management needs modernization. According to a 2024 study by the International Securities Services Association (ISSA), investors are currently incurring $14 million in corporate action processing costs, and investors’ asset management costs are increasing by 23% annually.
At the heart of these issues are processes and technology. Financial institutions suffer from processing errors and data gaps. Given that 72% of messages today are still processed manually, the risk is significant. Institutions can address these risks by modernizing systems to enable automation of asset management.
Asset management is currently very personnel-intensive, both on the issuer and investor side as well as on the intermediary side. Greater automation offers opportunities that would allow institutions to not only reduce risk (by up to 87%) but also reduce costs. How can financial institutions address their core problems and effectively modernize their systems and processes?
Register for this Finextra webinar, hosted in collaboration with Broadridge, to join our panel of industry experts discussing the possibilities of asset servicing automation and how it addresses the core issues currently facing financial institutions.