Enabling straight-through-processing (STP) in this way removes the risk and inefficiency associated with outdated manual processing methods such as phone, email and fax. Digitising this process from the origination of the order gives full, real-time visibility of transactions for both the sender and receiver.
Despite increasing levels of automation in the funds industry, there are some areas of transaction processing that remain manual. This could be due to the volume or irregularity of transactions, or the nature of the client’s particular book of business. Calastone Access provides an alternative route to connect with our global funds transaction network, enabling industry participants of any scale or size to seamlessly execute STP transactions that previously could not be automated.