State Street has made enhancements to its financial reporting and collateral services to help clients comply with regulations, manage risk and automate their disclosure requirements.
The new ProNavigator solution enables asset managers to automate their registration forms, including the prospectus and statement of additional information, in multiple formats. The solution enables auto-composition and helps to streamline disclosures that are required across multiple fund registrations. It provides clients with one source document that reduces the risk of regulatory reporting errors, lowers typesetting and Edgar conversion costs and streamlines production review and sign-off.
State Street has also expanded its tri-party collateral custody capabilities to all clients and broker dealers with a new solution, Collateral Custody Service, that provides a segregated account structure and can be offered as a stand-alone service or as a component of broader solutions. The bank's collateral management solution has also been updated to incorporate margin automation technology for operational efficiency.
Jesse Lund talks about real uses for DLT in the capital markets, lessons learned while rolling out IBM's blockchain platform, and what’s ahead for 2018, and into 2019.Subscribe to Weekly Wrap emails