Royal London Asset Management introduced an automated reconciliation system from City Networks in an effort to drive through STP gains made as it merged three disparate business units.
The merger with United Assurance and Scottish Life brought investment management, fund management and asset management together under one roof and with it a significant growth in business volumes which, in turn, brought increased workload to the support operation within the group. This triggered a number of IT projects to ensure that the combined operation could continue to deliver service to the internal business units and the customers. This was no mean feat – bringing together the operations of three substantial organisations under one roof; in one location and to one set of complementary business objectives.
The programme to address the system requirements was approached in stages, commencing with a move to a single platform that allowed the trade matching to be automated and then working through the transaction process to the settlement and servicing areas.» Download the document now 14.6 kb (Adobe Acrobat Document)