Accenture moves into post-trade processing

Accenture moves into post-trade processing

Accenture is looking to cash in on the trend for banks to share back office processing costs after receiving approval from the UK's Financial Conduct Authority for the operation of a new post-trade utility.

The wholly-owned division, Accenture Post-Trade Processing Limited, has been set up in collaboration with Broadridge to provide a full suite of services to support settlement, books and records, asset servicing, operational management and control, real-time data access and administrative accounting.

Owen Jelf, managing director, Capital Markets at Accenture, says the service will be pitched at capitals market participants in the UK and Asia, who are looking to to bring new efficiencies to their back-office operations and create a scalable infrastructure for securities processing.

"Our vision for a future model - where banks pool transactions together to reduce IT and processing costs and implement new regulations - continues to gain traction,” he says. “By moving away from in-house or bespoke solutions at each bank, Accenture Post-Trade Processing allows banks to offer the same or improved high-levels of service while providing significant cost reductions across the industry.”

Comments: (1)

Tom Sohal
Tom Sohal - Triumph Motorcycles - London 08 April, 2015, 12:03Be the first to give this comment the thumbs up 0 likes

An interesting and very timely move by Accenture.  

After the banking crisis the target operating models of banks have been rapdily evolving.  The current wave of new entrants and those in the pipeline will certainly welcome the service.  Very definetly something I''l look into so that I'm up to date with my consulting advice.