RBC Investor & Treasury Services boosts Australian tech program

image
image
expand image

The Royal Bank of Canada’s RBC Investor & Treasury Services (RBC I&TS) is looking to boost its data management capabilities and web solutions for its Australian clients through new functionalities and by aligning core global platforms.

RBC I&T managing director Australia, David Travers said the Canadian provider of asset and treasury services’ focus on the Australian market, along with the wider organisation’s investments in the region underscored its commitment to local business.

“As one of the largest and fastest growing funds management markets in the world, Australia is a strategically important market for RBC and an important component of its technology strategy,” he said.

Travers said asset managers were looking to utilise new technologies and would rely greater on data moving forward for the formulation of business decisions underpinned by analytical research.

As part of the enhancement to the RBC I&TS technology offering, improved fund automation would be delivered to better mitigate operational risk, as well as the launch of work on the adoption of a new age data storage system.

“In today’s operating environment, continuous rapid transformation of technology is a way of life,” Travers said.

“RBC is building a digitally-enable banked with a focus on innovation and efficiency.”

Updates to the RBC I&TS technology capability across Australia already include a digitised corporate actions experience and better access to security positions and cash.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest developments in Super Review! Anytime, Anywhere!

Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

1 year 3 months ago
Kevin Gorman

Super director remuneration ...

1 year 3 months ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

1 year 3 months ago

Shadow treasurer Angus Taylor has vowed to slash red tape and introduce a suite of financial services reforms aimed at transforming Australia into a leading financial hub...

10 hours ago

Deglobalisation is emerging as a major driver of infrastructure debt opportunities as regions onshore vital industries, a superannuation fund-owned manager has said....

10 hours ago

Australian superannuation funds are grappling with heightened global instability, as US policy shifts create a volatile backdrop for investment strategies....

10 hours ago

TOP PERFORMING FUNDS