Asset servicing industry to face ongoing challenges

At Sibos 2004 in Atlanta, the industry admitted that it failed to make minimal STP gains in asset servicing. The message in 2005 is not too different. Although vendors admit that muted progress has been made over the past 12 months, they are also quick to admit that a lot more needs to be done in terms of automated messages between custodians, issuers and investment managers. In regards to year-on-year progress, several key developments have emerged in the asset servicing indust…