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.