Written by Gary Bond, CEO, TURN. Corporate actions remain one of the most error-prone areas in financial services due to fragmented data sources, delays in communication and inconsistent processing across multiple stakeholders. The complexity of processing corporate actions is compounded by redundant communication between custodians, asset managers and issuers, so creating inefficiencies and misalignment. To address these challenges, industry leaders are pushing for standardisation through ISO 20022 and exploring blockchain integration to deliver real-time, transparent and automated solutions.
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Revolutionising corporate actions: the case…
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Written by Gary Bond, CEO, TURN. Corporate actions remain one of the most error-prone areas in financial services due to fragmented data sources, delays in communication and inconsistent processing across multiple stakeholders. The complexity of processing corporate actions is compounded by redundant communication between custodians, asset managers and issuers, so creating inefficiencies and misalignment. To address these challenges, industry leaders are pushing for standardisation through ISO 20022 and exploring blockchain integration to deliver real-time, transparent and automated solutions.