IntroductionHandcuffed by the past financial institutions find their agility restricted and frequently struggle to exploit new market opportunities or pursue competitive customer service strategies.
As declining margins threaten profitability levels, Straight Through Processing (STP) solutions are being seen as the key to manage both organizational risk as well as the end-to-end transaction flow.Scope*Discusses current global business drivers and trends*Discusses implications for financial institutionsHighlightsThe concept of STP has moved on from its original objectives of simple automation.
The ability to handle risk management as well as business growth in order to provide a customer centric focus on operations are key drivers for STP system demand.An enterprise-wide approach can alleviate these major issues by standardizing processes through automation, reducing headcount and providing a more effective control structure.
The need for open standards can lead to a Service Oriented Architecture approach (SOA).Reasons to Purchase*Learn about the current business issues facing financial market institutions*Understand the benefits of obtaining an enterprise wide approach to STP*Gain an insight into key opportunities for vendors