Deutsche Bank has announced the release of a new early-warning system for settlement delays and potential failures in securities transactions – helping clients avoid the heavy financial penalties associated with missing the deadlines enforced by the Central Securities Depositories Regulation (CSDR).
Following on from the launch of the bank’s current real-time settlement service in Euronext, Germany and the UK, this new platform is offered in partnership with fintech specialist Elastic, using the same model of predictive analytics behind well-known consumer offerings such as Netflix. This enables it to provide operations staff with a real-time view of the issues that can delay a transaction settlement, a stark contrast to traditional platforms which only provide a retrospective view of what has caused settlement delays.
“Our aim is to deliver a real shift in how markets view exception processing and to bring pre-trade performance to our post-trade operations. We can now detect transactions in real-time that previously would not be flagged as at risk, and divert our attention from the transactions that ostensibly appear to be at risk, but upon historical analysis have always matched in time to settle,” said Christopher Daniels, director, Data Products, Securities Services at Deutsche Bank.
The news was covered by: FStech, Securities Finance Monitor , The Trade, Global Custodian , Fintech Finance, IBS Intelligence , Asset Servicing Times, Securities Lending Times, Fintech Insight, Finextra, Financial IT.