Securities Lending Automation using RPA
Securities lending is the act of loaning a stock, derivative or other security to an investor or firm. Securities lending requires the borrower to put up collateral, whether cash, security or a letter of credit. Financial Service firms like Asset Management, Custodians, and Clearing Houses often engage in these kind of transaction to get additional return on their holdings.
Our Solution is capable enough to process the event from the time the trade is captured into the system till it comes to end. We can also send notification to various stake holders involved for requirement of additional collateral and claiming of dividend to the middle / back office for further action.
Mindtree’s Financial Service offers an innovative technological solution for addressing inefficiencies in Securities Lending. We automate Securities Lending process using Robotic Process Automation (RBA). Our Securities Lending solution removes manual intervention in processing by automating repetitive tasks in the entire lifecycle of securities lending processing. This frees up resources and reduces processing costs by 25-30%.
The automation of Securities Lending processing is a textbook example of the synergies between process harmonization and technology innovation in financial services operations. Mindtree capabilities in the Capital Markets space combined with our best practices in implementing RPA, form the cornerstone of this solution.