AI Can Drive Reconciliations Efficiency In Period of Increased Volume
As the coronavirus drives trading volumes, post-trade processing is increasingly an area of operational risk, and firms should consider automation, analyst says.
Artificial intelligence can streamline post-trade reconciliation operations, says analyst Virginie O’Shea, reducing the time that staff spend on basic tasks and allowing them to focus on more complex and challenging items.
“There are no magic bullets for these problems, but in harmonizing front-ends across platforms, or enabling manual processes to be better supported by technology, artificial intelligence and machine learning could play a part,” said O’Shea, who is the founder of Firebrand
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