First State Investments will use the service for end-to-end automation of its UK investment funds from order placement, to settlement and asset servicing.
LGIM will be able to use the CREST investment fund services for end-to-end automation of order placement, settlement and asset servicing.
Deutsche Bank has successfully piloted a solution using DLT to enable further automation of custodial services.
The planned cuts are aimed to increase its competitiveness in an increasingly constrained operating environment.
SS&C has signed on a number of leading buy-side firms and financial institutions to its various automated middle- and back-office platforms.
The 29 transfer agents from Ireland and Luxembourg that participated in the survey processed a combined total volume of orders of 39 million last year.
The move allows the £1 billion private bank to fully automate settlement and cash movements for its UK investment funds.
The scope of the services will include order execution, settlement and asset servicing for its mutual and hedge funds.
SGSS' technology expert believes artificial intelligence products are in danger of becoming solutions looking for problems.