SIX: Survey Reveals Industry Need for Automated Corporate Actions Solutions

  • SIX operates and develops infrastructure services in the Securities & Exchanges, Banking Services
  • With the vast majority (87%) of those surveyed currently processing part of their corporate actions manually
  • But firms will face challenges in the form of data quality and legacy technology/infrastructure
  • Among the benefits of automating corporate actions processing, respondents selected reducing operating costs
  • The survey also provided insight on the types of technology that firms believe will improve the quality of corporate actions
  • This survey shows the increasing requirement for automation to allow firms to process data as close to real time as possible
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

Brink’s Strengthens Position with $6.6B NCR Acquisition

Brink's expands its services through strategic acquisition of NCR's Atleos.Highlights: Brink's acquires NCR Atleos for $6.6 billion.The deal...

Barclays Strengthens Blockchain Payments Platform Discussions

Bank explores blockchain vendors for enhanced payment solutions.Highlights: Barclays explores blockchain technology for payments.Bank engages with various vendors...

Lloyds Tightens Bank Account Opening Process in Branches

The bank limits account openings amidst ongoing service updates.Highlights: Lloyds will restrict opening some bank accounts in branches.The...

Jack Dorsey’s Block to Lay Off 4,000 Employees as AI Era Advances

Significant workforce reduction reflects shifts in technology focus.Highlights: Block announces 4,000 layoffs amid evolving AI landscape.The decision comes...