Schroders picks Bravura STP solution for improved messaging
Schroder Investment Management has picked Bravura Solutions’ Babel financial messaging platform as its preferred technology for improving its transfer agency processes.
Babel facilitates a link between Schroders and Bravura’s Global Fund Administration System, which is a transfer agency platform. This will enable Schroders to handle multiple connections and messaging standards via a single source, and increase automation in this area of Schroders’ business.
Among other connections will be one to the National Securities Clearing Corporation, for message transfer services in the US.
Gary Janaway, head of Operations at Schroder Fund Services, Luxembourg, said: “Direct connectivity to NSCC, using Babel to replace our previous arrangement of access via an intermediary agent, has bought us closer to our clients in the Americas and has enabled us to deliver a higher quality of service.”
“Using Babel we have been able to extend our service offering to include options such as the NSCC Automated Customer Account Transfer, a service requested by our broker dealers. The development of direct connectivity with DTCC and the addition of services; reinforces our trust and confidence in Bravura as a supplier of robust and reliable technology.”