Leading the Way in Modernisation of Post-Trade Operations— with Taskize

3 Minutes

As I write my third annual article for The Financial Technologist, I reflect ...

As I write my third annual article for The Financial Technologist, I reflect on the buzzword that tied the last two together – collaboration. This year is no different, and I am once again reminded that collaboration, not only at a company and product level, but also at the human level, is at the heart of the financial industry – between our clients, users, and customers at custodian banks, broker-dealers and FMIs. 

Before we go any further, and for this to make the most sense, we need to quickly recap what Taskize actually is, and what it creates 

In a nutshell, Taskize (the company) is trusted by over 550 financial firms across 88 countries.  Taskize (our web-native collaboration platform) is used by operations teams – securities settlements, corporate actions, collateral management and more – to increase capacity, minimise risk, and improve client service.  

As this edition of the magazine is dedicated to the Top 1% Workplace Awards, collaboration certainly feels like an apt topic to discuss. To do so, I’ll reflect on Taskize’s Forum 2024 as the hotspot for industry cooperation. 

 

Industry Expertise  

The Taskize Forum, hosted in both London and New York earlier this year, brought together industry leaders to discuss the modernisation of post-trade operations, processes, and workflows.  

In real time, we saw examples of seamless integration and collaboration at play, hearing directly from banks, financial institutions and fintechs about the value of workflow, the Taskize platform, and industry cooperation. 

One of the key reasons why our forums were so successful is because we showed our clients the value of collaboration and integration between platforms. We hosted some of our partners on stage and showcased new integrations to demonstrate the power of connected systems when it comes to post-trade issue resolution. 

Some of the panel discussions we hosted clearly demonstrated to me the intersection of the industry and the parts each participant plays. One of the sessions encapsulated the bank’s perspective, tackling structural, operational, and regulatory challenges faced by banks, pinpointing how fintechs can help overcome them. What I learnt was how these challenges underscore the dynamic nature of the banking industry and the importance of adapting to technological advancements for strategic advantage. 

 

Taskize Milestones   

 As our interim CEO highlighted during the event, Taskize is also a key component of Euroclear’s digital strategy and client services platform, with the client satisfaction rating for Taskize among Euroclear clients now at an impressive 98%.  

 Demonstrating a truly integrated approach among Taskize and Euroclear, the collaboration stems beyond client satisfaction. The number of queries resolved through Taskize has now surpassed those resolved via email, marking a significant shift in Euroclear’s client servicing approach.    

 

Where Next? 

So, what’s next for the future of post-trade operations? It was clear from the Taskize Forum the significant value that multi-platform integrations bring to securities settlements, corporate actions, and collateral management 

But also noteworthy is their impact on regulatory risk, team capacity, and client service – a combination of which iabsolutely paramount to the modernisation of post-trade. Now we just need to see collaborative integration in practice – which is the part I’m looking forward to most.  

 

By Kishan Bharwad is Head of Product at Taskize 

Download your free copy of the latest Financial Technologist magazine here.



At Harrington Starr, we are passionate about championing collaboration, innovation, and excellence within the financial technology sector. As proud hosts of the Top 1% Workplace Awards and publishers of The Financial Technologist Magazine, we celebrate organisations that drive exceptional workplace culture and lead the way in transforming the industry. This blog, featured in the latest edition, Kishan Bharwad highlights Taskize’s commitment to redefining collaboration in post-trade operations through seamless integration and forward-thinking solutions. Taskize’s efforts in enhancing operational efficiency and fostering industry partnerships resonate deeply with the values we promote – the intersection of cutting-edge technology and people-first leadership.

Dive into this insightful article and discover more stories of innovation by downloading the full magazine here: The Top1% Workplace Awards 2024 - The Financial Technologist.


Site by Venn