How are the Prospects of RPA for Capital Markets Shaping Up?

Capital Markets CIO Outlook | Thursday, June 11, 2020

Capital market organizations are resorting to RPA in a bid to transform the back-office processes.

FREMONT, CA: The trading ecosystem is responding to advancing technologies, resulting in dynamic developments. Capital market companies are investing in new technologies to power various processes. While companies have successfully transformed the front office by introducing technologies, the back office is still behind in many ways. Several repetitive tasks are still manually handled, resulting in an impact on overall trading performance. Robotic Process Automation (RPA) offers capital market firms the scope of automating and optimizing legacy systems of operation. The prospects that RPA opens for capital market companies in the current scenario is discussed in the following points.

Minimizing Compliance Complications

Regulatory compliance has evolved to become more and more complex in order to minimize fraud in the financial sector. Managing compliance to the regulations can be challenging for most capital market firms. RPA solutions can contribute to making compliance easy for capital market companies by automating client onboarding processes. With RPA solutions, collecting and processing unstructured data becomes effortless. Thus, client information can be easily added to integrated platforms to facilitate verifications.

Post-Trade Reconciliation

Post-trade reconciliation is a critical process that can be automated using RPA. Reconciliation involves the matching of records between two systems so as to determine that trade has been fairly conducted and there are no mismatches. By implementing RPA across the reconciliation process, capital market companies can make the process faster, as well as more accurate.

Auditing and Reporting

Periodic auditing and reporting in capital market firms are set to improve with RPA. When bots are used for the process of generating crucial information from enterprise-wide data, reporting becomes comprehensive as well as faster. Besides, RPA systems can automatically send daily and monthly report according to preconfigured templates, allowing hassle-free audits.

As capital market firms evolve, RPA will play an influential role in modernizing it. Thus, the prospects of RPA in the capital markets are unlimited and invaluable.

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