Corporate actions, a largely manual function, has historically struggled to gain the attention of management, or to innovate. But BNP Paribas’ securities services business has decided to invest in the back-office process. In doing so, the bank estimates it has shaved three to four hours off the time it took for its ops team to process corporate action events per day.

“Someone had to put it into a template, review it, validate it with a four-eye check, and input it into the system. But all of