Nanda Kumar, product director, SIX Financial Information USA Inc., talks to FTF News about major changes coming for corporate actions processing and other Ops areas.
Nanda Kumar
This year has been very challenging for securities firms as they have had to revamp operations in record time in response to the pandemic-induced lockdown and economic slowdown. But these major challenges could become opportunities to overhaul operations, particularly corporate actions data and processing.
So says Nanda Kumar, product director, SIX Financial Information USA Inc., who participated in a recent podcast with FTF News. Kumar also took part in FTF's Corporate Actions Automation at a Crossroads webinar (see below).
“This is especially true when it comes to the back offices of firms,” Kumar says. Some key back-office operations and existing business processes “rely very heavily on human intervention,” he adds. “Firms are still relying on manually processing large portions of corporate actions data.”
But, after talking to his clients and many others in the industry, Kumar says that he realizes that a majority of market participants acknowledge that there is a need for big changes.
“Many of them have started embarking on technology projects to remedy the current situation. If they haven’t done so, they are clearly planning to make changes as we go forward,” Kumar says.
In our FTF Exchange podcast, Kumar also discusses:
- The business drivers for advancing corporate actions data;
- IT disruptors such as cloud computing, A.I.. and blockchain;
- The impacts of external factors such as market volatility and the pandemic-induced lockdown;
- And how to improve corporate actions client care.
SIX is the 2020 winner of the Best Corporate Actions Processing Solution, a key, competitive category of the FTF News Technology Innovation Awards.
After listening to the podcast, check out our very popular webinar:
WEBINAR: Corporate Actions Automation at a Crossroads
Join us live on Thursday, November 12, 2020, 11 AM ET, or view the archived version:
Click to Register Here
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