Revolutionizing Asset Servicing with FIS' Innovative Management Suite: Unlocking Operational Efficiency and Streamlining Processes
The Challenge:
Asset servicing is under pressure due to fragmented data, inefficiencies, and potential mistakes caused by relying on multiple vendors. This complexity can lead to operational risks and negatively impact customer satisfaction.
The Solution:
FIS introduces the Asset Servicing Management Suite, a comprehensive, automated platform that integrates critical functions like corporate actions processing, proxy voting, class actions claims, operational claims, and tax reclaim management.
Key Benefits:
- Streamlined Data: The suite minimizes data fragmentation, providing accurate and streamlined information for better insights.
- Efficiency Boost: Automation of workflows reduces manual intervention, allowing institutions to focus on strategic value creation.
- Risk Reduction: FIS' platform enhances risk management, decision-making, and overall client experience.
- Cost Savings: By eliminating the need for multiple vendors, the suite offers cost efficiencies.
Expert Opinion:
Matt Stauffer, Head of Back Office Solutions at FIS, emphasizes the impact on investors: "Operational inefficiencies in asset servicing directly translate to financial losses. FIS' suite addresses these risks, ensuring accurate processing and secure delivery of critical information."
About FIS:
FIS, a financial technology leader, empowers financial institutions and businesses with innovative solutions. Their focus on reliability and innovation in financial technology positions them as a trusted partner in the global financial system. FIS is headquartered in Jacksonville, Florida, and is recognized on the Fortune 500 and Standard & Poor's 500 Index.
