Jatan Pathak
Faster T+1 and T+0 settlement — well underway in North America — can create unique challenges for corporate actions and operations teams, says Jatan Pathak, executive director, head of product and commercial, data technology, managed service, S&P Global.
S&P Global was voted the Best Corporate Actions Service Provider for its Market Intelligence Corporate Actions Enterprise Solution via the 2024 FTF News Technology Innovation Awards.
“It’s very difficult for an operations staff to do this in T+1,” Pathak says in a video chat with FTF News. “It becomes very labor intensive and very challenging for them. You need the right tools and technologies in place to do this.”
S&P Global will work with clients to help them manage corporate actions processing amid shorter settlement cycles.
“I think the approach we are taking is to work with our customers to understand how best we can to bring all of this together and see how much we can automate as much as possible,” Pathak says.
“So, we give them a clean announcement. Give them an easier tool to work and operate on. Give them a dashboard to view what the pending tasks for them are. And give them a clear view on how to process that workflow,” he says.
In the video, Pathak also discusses:
- Why are corporate actions processing and the managed service model a good fit?
- The major changes that automation brings to corporate actions processing; and
- And what more must be done to move corporate actions closer to full automation?
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