Financial technology provider FIS has launched a new Asset Servicing Management Suite, aiming to simplify and automate core post-trade functions across the asset servicing chain. The announcement was made in a company press release on 30 October.
The platform brings together several operational areas that are often handled separately, corporate actions processing, proxy voting, class action and operational claims, and tax reclaim management. According to FIS, the tool is designed to reduce data fragmentation and improve control by offering one integrated environment instead of multiple vendor systems.
Operational pressure
FIS points to rising operational complexity in asset servicing, where many firms still depend on legacy setups and disconnected systems. The company argues that this creates inefficiencies and heightens risk, particularly in areas that rely heavily on accurate and timely data flows.
The new suite automates workflows that typically require manual input and aims to provide institutions with more transparency across the post-trade process. In its statement, FIS said this can support cost control and help institutions focus on higher-value tasks.
Direct impact
Matt Stauffer, Head of Back Office Solutions at FIS, noted that operational errors in asset servicing can have a direct financial impact on investors. “When corporate actions are processed incorrectly or proxy votes fail to reach their intended destination, it is not just institutions that suffer, it is also the customers whose pensions and savings depend on these systems,” he said in the release.
The company positions the new suite as part of its broader effort to streamline back-office operations and strengthen the infrastructure underpinning post-trade processes.
