Reputation in automation
The introduction of ISO 15022 brings a glimmer of hope to those wrong-footed by nonautomated corporate actions. Pamela Brewster, senior analyst at Celent Communications looks at limiting errors and containing costs.
The ability to automate corporate actions processing has been a fairly elusive goal within the securities industry. Yet, a handful of factors, from the introduction of ISO 15022 compliant messaging standards to a first wave of third-party solutions, has the securities industry more hopeful than ever, that some degree of automation is now within arms reach. In addition, concerns over the operational risk associated with corporate actions processing and the desire to achieve straight-through
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