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- Title
Trading operations: Intelligent automation and the T+1 mandate.
- Authors
Ryan, Laura; Almeida, John; Paris, Alan
- Abstract
As the financial services industry is finalising the adoption and implementation of the shortened settlement cycle on 28th May, 2024, and its implications to procedures, technology and behaviour, this paper lays out the benefits, challenges and best practices to ensure a smooth transition and implementation to all participants. The implications of these changes are enormous and open companies up to a variety of risks. This paper informs best practices to ensure a seamless integration, including operational, risk and communications. In addition, the paper focuses on practical steps to automating processes, centralising data and utilising technology to create a more efficient future. It points out that by utilising technology as a mechanism for continuous improvement, not only will companies be able to meet implementation requirements of this T+1 mandate but also create a mechanism to continue to meet regulatory changes. By utilising technology to create an environment of continuous improvement, powered by work orchestration, a fundamental shift in workforce behaviour can begin. In doing so, companies can ensure that they meet the operational requirements of this mandate, leading to efficiencies throughout their organisation and an improved employee and client experience.
- Subjects
FINANCIAL services industry; CUSTOMER experience; AUTOMATION; WEALTH management services; RISK communication
- Publication
Journal of Securities Operations & Custody, 2023, Vol 16, Issue 1, p70
- ISSN
1753-1802
- Publication type
Article