Key facts
-
FIS Asset Servicing Management Suite helps capital investment work harder by unlocking operational efficiencies across all areas of asset servicing.
-
The comprehensive suite covers corporate actions processing, proxy voting, class actions claims, operational claims and tax reclaim management.
Global financial technology leader FIS® has announced the launch of FIS Asset Servicing Management Suite, a comprehensive suite of automated and integrated solutions which help unlock operational efficiency across all areas of asset servicing.
The suite combines the traditionally separate critical functions of corporate actions processing, proxy voting, class actions claims, operational claims and tax reclaim management to revolutionize asset servicing, creating a seamless experience which helps capital investment to work more efficiently and underscores FIS’ commitment to unlocking financial technology to the world.
Read More on Fintech : Global Fintech Interview with Mike Lynch, Principal, AI Strategy and Finance Transformation for Auditoria
Why FIS Asset Servicing Management Suite Matters
Asset servicing is under growing pressure. Many organizations are relying on multiple vendors which leads to fragmented data, inefficiencies, and a greater chance for mistakes. This fragmented infrastructure also makes cost control harder and amplifies operational risk, which could have a negative impact on customer satisfaction. This lack of operational agility and complexity can significantly hinder the effectiveness of asset servicing operations.
To address these challenges, FIS Asset Servicing Management Suite represents a fundamental shift in how financial institutions approach asset servicing operations. This single, integrated platform provides transparency and control across the entire asset servicing lifecycle.
The unified platform can replace the need for multiple vendors and minimizes data fragmentation, providing accurate and streamlined data to provide better insights. By automating workflows that previously required extensive manual intervention, the suite enables institutions to focus on strategic value creation rather than operational maintenance. Additionally, the suite reduces risk, improves decision-making, provides cost efficiencies and enhances the overall client experience.
Matt Stauffer, head of Back Office Solutions at FIS, said: “Operational inefficiencies in asset servicing directly translate to real financial losses for everyday investors. When corporate actions are processed incorrectly or proxy votes fail to reach their intended destination, or qualification to participate in class action opportunities are not identified, it is not just institutions that suffer – it is also the customers whose pensions and savings depend on these systems working flawlessly. FIS Asset Servicing Management Suite helps to eliminate the fragmented and often overlooked post-trade infrastructure that creates these risks, unlocking operational efficiency across all areas of asset servicing.”
Catch more Fintech Insights : The Disappearing Payment: How Embedded Finance Is Quietly Reshaping B2B Transactions?
[To share your insights with us, please write to psen@itechseries.com ]
