Thomson Reuters has expanded its North American wealth management brokerage processing platform.
The platform, which is a suite of solutions that enables institutions to manage the daily tasks of their brokerage business, now includes automated international post-trade processing for multi-market and multi-currency securities.
Powered by NRI’s I-STAR/GX platform, Thomson Reuters North American BETA customers will now benefit from automated settlement and straight-through processing of trades executed across all markets.
The fully integrated solution also provides real-time updates of intra-day transaction status changes throughout the lifecycle of the settlement, along with straight-through-processing enabled communication with global and local custodians. It also serves as a multi-tenant solution that segregates each firm’s data while supporting multiple clients within.
“The need for a well diversified portfolio continues to drive wealth managers to seek greater investment opportunities for their clients beyond U.S markets. Our enhanced multi-market capability allows our North American BETA customers to reach new financial markets and grow their existing business by offering a broader array of investment options and opportunities globally,” said David Akellian, Global Head of Wealth Management for Thomson Reuters.
“As regulatory demands increase globally, the fully automated single-stock recording process allows firms to be more operationally efficient and transparent in managing custodianship, ultimately mitigating risk, reducing error rates, reducing costs, and freeing up resources to work on other aspects of their business.”
Bengaluru-based IBSFINtech, which provides a corporate treasury management solution, recently partnered with Thomson Reuters. The FinTech said it partnered with Thomson Reuters to power their Treasury Management Solution with trusted & timely financial market data for corporations. The integration enables treasurers to mitigate operational risk, drive automation and optimise business efficiency according to the company.
Thomson Reuters also recently formed a partnership with Salesforce to help onboard new customers and meet regulatory AML and KYC obligations. Thomson Reuters World-Check, a databases of risk intelligence data to support companies in meeting their due-diligence obligations, will be integrated with Salesforce AppExchange.
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