As we navigated our ways through the festive period our minds were being targeted by some of the best, and the brightest, professional influencers tha...
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Idea Group CEO, Bill Gourlay’s article “STP is Dead, Long Live Automation” is published in Bob’s Guide.
The first paragraph follows, but to read the full article click on the link above.
“For decades the financial industry has grappled with the concept of STP, or “Straight Through Processing”, but evidence suggests that this has been something of an impossible dream. A little like the Loch Ness Monster, people have very different views around what this looks like, whether it still exists, or whether it was at all possible in the first place, which makes it incredibly difficult for anyone to achieve this particular goal. Given that different firms have different views of what success looks like, and we are talking about operational practices where the exchange of data is between a host of different entities, this all makes for a very complicated and unbalanced scenario.”
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