Icap plans to streamline SSI processing through automation
AI and blockchain may not be the way forward, sceptics warn
Icap is leading the latest attempt to bring the processing of standard settlement instructions (SSIs) up to date, but its ideas to use emerging technology, including an IBM Watson platform, are attracting mixed reviews from the post-trade industry.
The adoption of automation in the exchange of SSIs between clients, brokers and custodians has been slow for several reasons. SSI information is often inconsistently populated, stored and utilised. SSIs can alter as a result of corporate actions or
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