The evolving relationship between asset servicers and FinTechs: Unlocking efficiency and collaboration

Matt Digby
Additional contact information
Matt Digby: AccessFintech, UK

Journal of Securities Operations & Custody, 2024, vol. 16, issue 3, 263-275

Abstract: Significant transformations are underway as asset servicers and FinTech companies forge new alliances. As asset servicers refocus their operations on value added services, they constantly seek adaptation. Innovative technologies, refined methodologies and data-driven insights hold immense potential for boosting operational efficiency. FinTech companies have emerged as valuable partners to asset servicers, enhancing efficiency, fostering operational excellence and driving customer-centric new solutions. This paper explores the exciting opportunities and novel strategies shaping the asset servicing landscape, shedding light on evolving custody services. Legacy processes, burdensome paperwork and obsolete technology have prompted asset servicers to pursue smoother interactions and more satisfying client experiences. Fortunately, the realm of FinTech offers a fresh avenue to address these persistent challenges. A central theme here is that evolving client expectations have spurred an imperative for asset servicers to embrace technology in order to maintain their competitive edge. Clients now demand greater flexibility and comprehensive services, driving a shift towards automation, streamlined workflows and data-driven insights to lower costs, manage risks and provide tailored client solutions. Nevertheless, various hurdles stand in the way of successful collaboration. Effective communication, transparent partnerships and proactive engagement emerge as critical elements for maximising the benefits of this relationship.

Keywords: risk management; data management; regulations and compliance; post trade services; global and local custodian banking; operational excellence (search for similar items in EconPapers)
JEL-codes: E5 G2 K22 (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
https://hstalks.com/article/8518/download/ (application/pdf)
https://hstalks.com/article/8518/ (text/html)
Requires a paid subscription for full access.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aza:jsoc00:y:2024:v:16:i:3:p:263-275

Access Statistics for this article

More articles in Journal of Securities Operations & Custody from Henry Stewart Publications
Bibliographic data for series maintained by Henry Stewart Talks ().