24 August 2017
Find out more

Syntegra and Computershare team for dividend consolidation initiative

16 April 2003  |  3033 views  |  0 Syntegra and Computershare team for dividend consolidation initiative

Syntegra, the systems integration subsidiary of BT, is to partner Computershare to deliver a dividend consolidation service for UK retail brokers, wealth management firms, custodians and nominee service providers.

The service is designed to assist nominees and brokers who operate many designated nominee accounts by providing a blanket instruction to registrars that will affect every Crest designated holding they operate.

Offered through Syntegra's network, the service will allow institutions to benefit from early electronic notice of dividend payments, simplifying administration overheads and reducing costs.

Jeff Sainsbury, general manager, specialised products, Computershare, says it became clear that there are efficiencies to be made through improved electronic delivery of a dividend consolidation service.

Kevin Covington, sector manager, wholesale financial services division, Syntegra, adds: "This initiative forms the first part of our overall strategy to develop easily deployable services across our proven infrastructure, which gives financial institutions easily recognisable advantages such as reduced costs across the trade lifecycle and increased STP."

The scheme will be piloted over the coming months with a small group of financial firms.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Prebon Yamane upgrades Sydney trading floor with Syntegra

Prebon Yamane upgrades Sydney trading floor with Syntegra

31 March 2003  |  2956 views  |  0 comments
Dundee Securities upgrades trading floor with Syntegra

Dundee Securities upgrades trading floor with Syntegra

17 March 2003  |  2448 views  |  0 comments
Halbert steps aside as Syntegra MD

Halbert steps aside as Syntegra MD

13 March 2003  |  4002 views  |  0 comments
Interfaces key to integrated European market for settlement - Syntegra

Interfaces key to integrated European market for settlement - Syntegra

05 March 2003  |  3298 views  |  0 comments
Syntegra launches p31 platform for small trading floors

Syntegra launches p31 platform for small trading floors

04 March 2003  |  3138 views  |  0 comments
Syntegra to add Web Services layer to SettleNet

Syntegra to add Web Services layer to SettleNet

03 March 2003  |  5690 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.worldpaymentsreport.comvisit www.abe-eba.eu

Top topics

Most viewed Most shared
Rabobank constructs physical model to understand IT architectureRabobank constructs physical model to unde...
20759 views comments | 43 tweets | 86 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
12015 views comments | 22 tweets | 35 linkedin
Australia regulates digital currenciesAustralia regulates digital currencies
11320 views comments | 21 tweets | 35 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
11151 views comments | 10 tweets | 8 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
10848 views 0 | 7 tweets | 1 linkedin

Featured job

Competitive
New York, NY - USA (some flexibility on location)

Find your next job