The financial technology provider has embraced the cutting edge at its annual technology conference.
SS&C Technologies updated many of its mainstay systems and yet advanced key leading-edge offerings at the financial technology provider’s Deliver conference, held in Orlando, Fla., the week of Oct. 3.
The event got underway even though Hurricane Ian made a turn toward Orlando prior to the start of the conference. SS&C’s Global Crisis Management (GCM) team monitored Hurricane Ian “for potential impacts to the safety of our employees, Deliver conference attendees and to the multi-faceted service offering we provide globally,” according to an announcement before the event.
The GCM ultimately determined that the Deliver events would occur as planned and SS&C was slated to host 800 customers from the financial services and healthcare industries.
SS&C Updates Blue Prism
For the cutting-edge, SS&C launched what it is calling its “intelligent automation portfolio under the SS&C Blue Prism brand,” which combines robot process automation (RPA), business process management (BPM), machine learning, intelligent document processing, and “low and no-code capabilities,” officials say.
The Blue Prism brand stems from SS&C’s acquisition of the robotics process automation (RPA) company Blue Prism Group Plc “for approximately $1.6 billion (£1.25 billion)” in March, officials say. Blue Prism, which is based in Warrington, U.K., says that its services are used by more than 2,000 businesses worldwide.
By pulling together cutting-edge technologies SS&C officials say that they intend to “unify the workforce, transform customer, employee and user journeys and scale enterprise-wide.”
SS&C Blue Prism’s “comprehensive suite of products” and its support options “are a critical part of our business processes,” says Giovanni Gentile, managing director, Bionics at State Street Bank, in a prepared statement.
In addition, SS&C Blue Prism has had some new integrations and developments such as:
- The SS&C Blue Prism enterprise platform integrates with Chorus BPM, now branded as SS&C Blue Prism Chorus, which will target “workflow management and greater visibility and control;”
- SS&C Blue Prism UX Builder, an “intuitive no-code development capability … to rapidly build enterprise applications and automate processes without relying on developers.” A drag-and-drop function is intended to help users “choose app elements from SS&C Blue Prism’s robust menu assets, supported by built-in governance and security controls;”
- The other elements of the product suite include:
- S&C Blue Prism Capture for process definition, optimization, and solution design;
- SS&C Blue Prism Director, a workforce coordination capability to help firms organize work items by business priority and service level agreements (SLAs);
- SS&C Blue Prism Email AI, which focuses on “providing significant time savings through extracting and classifying information from emails;”
- And SS&C Blue Prism Cloud, which will be available on Amazon Web Services (AWS) and can be purchased via AWS Marketplace.
The SS&C Blue Prism offerings will be aimed at “digitizing operations across financial services,” among other sectors, according to SS&C.
SS&C Everywhere & More
SS&C officials report that as part of the “ongoing expansion of SS&C Managed Services,” the vendor will launch during the first quarter of 2023 the SS&C Private Cloud, a cloud computing, software as a service (SaaS), and managed services hosting platform.
“SS&C also announced the upcoming Q1 2023 launch of SS&C Everywhere, a user-friendly marketplace to facilitate the purchase of data services from SS&C,” according to SS&C. The new marketplace will use SS&C Private Cloud to streamline access to “normalized data across applications” and simplify “implementations for customers adding new products and services.”
SS&C GoCentral
SS&C calls GoCentral its “next-generation fund operations platform” and has unveiled a “fully customizable user interface” that allows end-users to “add and remove vectors from view, configure reporting tiles and make other adjustments to build an interface suited for their unique workflows,” officials say. In addition, SS&C officials at Deliver were providing sneak peeks at “GoCentral Concierge, an AI-based virtual personal assistant expected to facilitate customers’ interactions with SS&C. The formal launch is expected in Q1 2023.”
Treasury Management, Taxes & More
At the Deliver event, SS&C also refreshed its treasury management, tax, data, and infrastructure services.
For the SS&C Treasury Management offering, the vendor reports that the latest enhancements “include the ability to request cash transfers between prime brokers and custodians and better access to daily reconciliation data and liquidity projections,” according to an announcement. “A new securities financing module allows clients to match holdings to prime brokers’ lending/borrowing needs to lower costs and increase returns.”
For the SS&C Tax BrightLine wares, the vendor says that it has “unified its tax compliance, reporting, and analytics on a single end-to-end automated tax solution for hedge funds and mutual funds.”
SS&C says the unified offerings will be available to customers during the first quarter of 2023 and will offer:
- Real-time access to tax data to inform trading, investment decisions, and planning, including “what-if” scenarios;
- Reporting and analytics across asset classes and strategies;
- Expertise in tax laws, operations, and technology applications, available on a SaaS or outsourced basis;
- Intelligent automation to optimize tax data collection and processing.
Separately and before Deliver, SS&C officials announced a partnership between SS&C Eze and Coinbase, which is intended to “offer clients access to Coinbase Prime, a leading institutional platform for digital assets. With the partnership, traders using Eze Investment Suite can manage their crypto trading processes in one place, from pre-trade compliance to custody.”
Coinbase Prime has been created “specifically for institutions providing secure custody, smart order routing, data and analytics, trade settlement, and reporting,” according to the SS&C announcement. Coinbase has more than 14,500 institutional clients.
“With the integration, institutional traders on Eze Investment Suite can access a diverse liquidity pool of digital assets and gain a holistic view of their crypto investments alongside their traditional securities holdings in their portfolios across trading tools,” according to SS&C officials.
The agreement with Coinbase will “significantly expand” SS&C Eze’s “digital asset trading capabilities,” says Michael Hutner, general manager, SS&C Eze, in a prepared statement.
The SS&C Eze institutional digital asset trading platform offers “broker-agnostic access to institutional liquidity across the market,” officials say. The platform also offers market data “covering 100+ tokens and 500+ pairs from more than 35 sources, enabling users to configure order details and request buy/sell quotes for selected token pairs. The trades can be created, processed, and viewed within the Eze OEMs alongside other asset classes.”
The Deliver conference, which had slated 108 sessions, product labs, and workshops, featured Kevin O’Leary, an investor on the television show “Shark Tank.” O’Leary, the founder and chairman of O’Shares Investment Index Strategies, served as the keynote speaker.
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