Pirum’s annual Product Buzz series highlights our product owners’ views on the tech trends that will define securities finance this year. In this instalment, we hear from Payal Lakhani, Senior Product Manager.
2025 will see more and more firms adopt automation to manage corporate actions. This is partly driven by an increased focus from board rooms on cost-effective measures to mitigate risk and avoid costly penalties.
Last year, our CoacsConnect solution grew substantially, both in terms of increased utilization and adoption by new logos – at year end we were processing more than US$3.8bn of corporate actions daily.
The driving force behind this growth, according to our clients, is primarily an increased focus on operational efficiencies, with full automation leading to 85% quicker payment times, as well as reduced unsecured credit exposures and downstream impacts on financial resources. These benefits translate directly into mitigating risk associated with operational errors, which could otherwise result in significant losses/write-offs, as well as increasing visibility relating to potential opportunities.
This is why, when it comes to corporate actions, the automation trend will continue to build momentum in 2025.
To learn more about how CoacsConnect can automate your income claims and voluntary corporate actions, get in touch with Payal.