Accelerate and Streamline Post-Trade Operations with NOVA RPA
Improve Efficiency
Proven over 20% reduction in helpdesk queries, RPA makes processing at least 4 times faster than humans. For instance, a process that took two days could be reduced to 30 minutes, as reported by some financial institutions.
Cost Savings
Robotic Process Automation can generate up to a 67% reduction in the number of full-time equivalent employees needed for the process. It provides scalability as transaction volumes grow without a corresponding increase in costs.
Compliance & Risk
Automated processes ensure that compliance checks are consistently applied, reducing the risk of regulatory breaches and resulting fines. RPA systems can provide detailed logs of all transactions, aiding in audit and compliance efforts.
Robotic Process Automation (RPA) is a technology that uses software robots, or "bots," to automate repetitive, rule-based tasks that are typically performed by humans. These bots can interact with digital systems and software in the same way that people do, making them ideal for tasks that involve routine data processing, manipulation, and communication across various systems. The financial industry is under increasing pressure to accelerate trade settlement cycles. With global markets pushing toward T+1 or even T+0 settlements, the demand for streamlined, efficient post-trade processes has never been higher. Robotic Process Automation (RPA) plays a pivotal role in helping financial institutions meet these challenges.
Key Features
Key Benefits
Faster Settlements
By automating the matching and validation of trade data, the system can expedite the trade settlement process.
Cost Savings
Reduce the cost of capital through collateral optimization and flag potentially fraudulent counterparty activities to avoid regulatory interventions and fines.
Compliance
Utilising RPA, the system ensures that post-trade processes adhere to regulatory requirements by consistently applying predefined rules and providing detailed audit logs of all automated activities.
Efficiency
Automating repetitive tasks makes the processes faster and allows you to align your workforce to more productive tasks and make the business more efficient.
Automation
Automate routine tasks such as data entry, reconciliation, and report generation, reducing errors and freeing up human resources for more strategic activities.
Accuracy
Automation minimizes human errors associated with manual data entry and processing, ensuring greater accuracy in post-trade activities such as reconciliation and reporting.
How RPA Supports Shortening of Settlement Times
RPA bots can rapidly cross-verify trade details with multiple data sources, ensuring that transactions are accurate and compliant. This speed significantly reduces the time taken for initial trade validation, a critical step in the settlement process.
Matching trade data across various ledgers and systems is often time-consuming. RPA can perform these reconciliations within seconds, highlighting discrepancies for immediate attention and allowing quick resolution.
In cases where trades require manual intervention, RPA can prioritize and flag exceptions, directing them to the appropriate teams for faster resolution without disrupting other processes.
Preparing and submitting reports to regulatory authorities can be automated to ensure timely and accurate submissions, avoiding compliance-related delays that could impact settlement times.
In the race to shorten settlement times, RPA is an essential tool that enables financial institutions to modernise their post-trade operations. By automating critical tasks, brokers and clearing houses can reduce settlement times, lower operational risks, and ensure compliance—all while optimizing resources. As the global push for T+1 and T+0 settlement continues, RPA-enabled solutions like NOVA are instrumental in helping firms navigate and thrive in this rapidly evolving landscape. NOVA’s post-trade automation solution, powered by advanced RPA technology, supports brokers and financial institutions in achieving shorter settlement times. Our platform automates end-to-end post-trade processes, from trade validation and reconciliation to regulatory reporting and exception management. By leveraging RPA, brokers can improve efficiency, accuracy, and scalability, meeting the demands of evolving settlement cycles with confidence.
Improve Operational Efficiency
with automated Striaght Through Processing and multi tier architecture
Reduce Cost
operate more efficiently, and minimise risk with cloud-hosted infrastructure
Scalable & Future-Ready
with multi tier architecture enabling load balancing and increased security
Lower Security Risks
multi tier architecture that isolates critical data under several encrypted layers
Strong Clearing & settlement
ecosystem with direct interface with all major CSDs across APAC
Improve Compliance
to ever-eveolving regulatory requirements across multiple jurisdictions