Investment data management solutions provider FINBOURNE Technology has expanded its integration with Taskize to enhance post-trade operational efficiency.
Taskize allows organisations to manage their post-trade operational workflows more effectively by connecting people and processes across various organisations, helping resolve IBOR and ABOR post-trade exceptions.
Following FINBOURNE’s integration of these capabilities, clients will have reduced resolution times as well as a reduction in risk and human error, which will ultimately increase operational efficiency and staff capacity.
“For our clients, the ability to configure and control complex workflows on the platform is a given; the next challenge is reducing resolution times for intraday breaks in their book of record and this enhanced integration with Taskize does just that, freeing up staff to focus on other tasks,” said Gus Sekhon, head of product at FINBOURNE Technology.
The development builds on top of the initial integration of Taskize into FINBOURNE’s LUSID platform in 2021.
The most recent functionalities are available as part of FINBOURNE’s Horizon programme, which enables clients to access, integrate and connect to a host of external technology and data sources within the LUSID platform.
“Asset managers’ operations teams are at full capacity and cannot afford to be inefficient in their approach to exception resolution,” said James Pike, interim CEO at Taskize.
“Greater interoperability of post-trade platforms is essential to enabling staff to do more with their time, and the data generated will be invaluable to senior management’s strategic decision-making.”
The integration seeks to expedite query resolution to minimise trade settlement failures linked to shift to T+1.