What role does outsourcing play in driving scale?
Whilst there is no silver bullet to automation in corporate actions, outsourcing data management can provide protection against major errors and bring down the average cost to below USD2m per annum.
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Whilst there is no silver bullet to automation in corporate actions, outsourcing data management can provide protection against major errors and bring down the average cost to below USD2m per annum.
Deployment of ISO20022 messaging standards can lead to STP efficiencies of over 30% – particularly for complex, voluntary events
With costs escalating almost at twice the rate of volumes, there is an urgent need to deploy technologies that can ensure scale in the future.
With costs ranging from USD3m to USD5m and headcounts running into the hundreds, for an average, regional corporate action team, this is more than a quiet back-office activity.
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