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Successfully implementing and scaling automation programmes in securities operations

Author

Listed:
  • Dinan, Cormac

    (Director, Financial Services Consulting, Deloitte Ireland LLP, Earlsfort Terrace, Dublin 2, D02 AY28, Ireland)

  • Rajan, Sridhar

    (Principal, Deloitte Consulting LLP, 105 Greene Street, Apt. 1903, Jersey City, NJ 07302, USA)

  • Sinha, Kakul

    (Managing Director, Deloitte Consulting LLP, 10 Hastings Lane, Livingston, NJ 07039, USA)

Abstract

This paper will first discuss the key drivers leading to a rapid adoption of automation and the challenges faced in scaling automation programs across Capital Market firms. Secondly, it discusses five critical strategies that firms have adopted for successfully scaling their automation programs (1) incorporate process excellence in automation playbook, (2) create a risk and compliance–centric programme, (3) infuse automation within the human operating model, (4) build capacity to enhance unique skill sets and (5) boost scaling velocity using partner ecosystem; and finally conclude that given the manual nature of many of functions within securities processing, there are tremendous opportunities to scale automation, however, achieving scaled automation requires considerable discipline and process rigor.

Suggested Citation

  • Dinan, Cormac & Rajan, Sridhar & Sinha, Kakul, 2019. "Successfully implementing and scaling automation programmes in securities operations," Journal of Securities Operations & Custody, Henry Stewart Publications, vol. 11(4), pages 303-316, September.
    • Handle: RePEc:aza:jsoc00:y:2019:v:11:i:4:p:303-316
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    More about this item

    Keywords

    scaled automation; automation playbook; securities; trading; broker dealer; operations; RPA; AI;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • K22 - Law and Economics - - Regulation and Business Law - - - Business and Securities Law

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