Geneva
03 October 2016
Reporter: Stephanie Palmer

Euroclear embraces Taskize utility


Euroclear is set to go live with financial operations task management utility Taskize, effectively making the Taskize platform available to over 1,500 banks.

Taskize provides a communications network designed to improve the efficiency of back- and middle-office operations. It aims to allow operations teams to handle issues such as trade breaks, outages and exceptions as quickly as possible.

It is intended to improve efficiency in manual interventions both internally and between banks.

Jo Van de Velde, managing director and head of products and innovation at Euroclear, said: “Finding new and better ways of supporting our industry is fundamental to our mission as a neutral market infrastructure, with a track record of providing high quality, reliable post-trade services to some of the world’s leading financial institutions.”

“Tasksize provides a truly innovative and compelling vision of seamless workflow between the operational staff across our industry.”

John O’Hara, CEO and co-founder of Taskize, commented: “In my two decades working in investment banking operations, I have been focused on automation. But automation only takes you so far, and to meet today’s challenges, I believe that we must empower people.”

He addded: “Euroclear’s deployment of our platform enables a vast pool of banks to bring together the right people in the right roles to resolve issues and queries in a timely and compliant manner.”

Taskize is currently also in talks regarding implementing the service in six additional banks.

More news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
FS-ISAC enables safer financial data sharing with API
20 February 2018 | Virginia | Reporter: Jenna Lomax
The introduction of the new API supports enhancements to secure financial data transfer including improvements in speed and error reduction
Around half in the industry have seen no real effect of Brexit, according to Augentius’ annual global survey
SETL welcomes new shareholders and new board member
20 February 2018 | London | Reporter: Jenna Lomax
SETL was launched in July 2015 to deploy a payment and settlements infrastructure based on blockchain technology
Euroclear reports strong 2017 operating performance
19 February 2018 | Brussels | Reporter: Jenna Lomax
Euroclear’s fund assets under custody grew 13 percent as Euroclear continued to utilise its international exchange traded funds model
Minium, IBM and Promontory release joint white paper
19 February 2018 | London | Reporter: Jenna Lomax
The white paper says business should explore new geographies refocus on new businesses and invest in new technologies
Kane LPI appoints new head of LPI fund administration
19 February 2018 | Bermuda | Reporter: Jenna Lomax
Alain Fournier will be responsible for the management of the life, pension and investment division
Ricky Maloney rejoins Eurex
19 February 2018 | London | Reporter: Jenna Lomax
He previously worked at Eurex from 2013 to 2016 as head of OTC clearing sales and relationship management
More news