UK fund firms reveal how late cash settlements and continued problems reconciling trades to payments continue to burden the funds industry as they seek to achieve growth in a challenging environment according to a Calastone settlement survey.
As firms increasingly turn to technology to optimise operational workflows and the UK regulator looks at whether to shorten settlement cycles of financial transactions, our survey reveals why 100% of respondents see automation as the answer.
The major impacts of delays settlements were:
- Negative brand perception – 67%
- Credit risk exposure – 61%
- Cost implications posed by the lengthy administrative burden – 56%
Download your complimentary copy of the survey results to learn more.