Asset managers, custodians and other industry participants cited legacy tech and data quality as the biggest challenge to achieving full corporate actions automation.
The findings highlight the sharp divide between processing fund transfers manually that require ‘wet’ signatures and using an automated system.
The Luxembourg-based CSD will use Finomial’s technology to automate trade documentation completion for funds in alternative assets.
Through the asset manager’s ‘Morgan Money’ trading platform, it has become the first in the market to offer automated settlement with Calastone's technology.
US asset manager Legg Mason plans to be one of the first adopters of the new ETF model, with BNY Mellon as their ETF service provider.
SS&C acquires machine learning paper-to-digital data transformation platform.
Syndicated loans have emerged as a key asset class for Northern Trust's institutional investor and family offices clients.
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.