SS&C looks to leverage Blue Prism’s RPA capabilities to improve reconciliations, onboarding

After acquiring Blue Prism earlier this year, SS&C is looking to pair its Chorus business process optimization tool with the RPA specialist.

robot hand

In March, SS&C Technologies closed its $1.6 billion acquisition of Blue Prism, a company that specializes in robotic process automation. While there are those in financial services who feel that RPA is a “Band-Aid” rather than a root-cause remedy for manual processes, Michael Megaw, managing director of business process automation at SS&C, believes there’s a misconception about so-called digital workers.

“You can point digital workers in the direction of the work that needs to be done—RPA

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A rough race begins: Industry faces uphill transition to T+1 settlement

With T+1 compliance set to begin next May, firms will likely be burdened by reduced IT budgets, existing legacy systems and manual processes over the next 15 months. So, while faster settlement will help innovate the middle and back office, some argue industry needs a longer timeline.

Build versus buy: How to evaluate your software

For as long as the investment management industry has used software, there has been a debate about whether asset managers should build or buy their tools. Jonas Svallin, global head of quantitative research and product development at FactSet, argues that…

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