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.
