BNP Paribas: Automates processing of key asset servicing documentation

BNP Paribas: Automates processing of key asset servicing documentation

• BNP Paribas Securities Services, a wholly owned subsidiary of the BNP Paribas Group, is a leading global custodian
• Automated the processing of key asset servicing documentation, a major milestone in the bank’s digital transformation programme
• The move, which took 12 months to implement, aims to enhance back office operational efficiency, increase straight-through processing rates
• BNP Paribas Securities Services is now also able to automatically capture, extract and classify data
• The resulting structured datasets are also then fed directly into the bank’s operational systems
• The technology also used developed internally in collaboration with BNP Paribas’ CIB Analytics Consulting