Entries by Meritsoft

Trade expenses are cutting into bank profits by 20%

Bank Automation News podcast.  Trade expenses can reduce profits by 20%, with brokerage-related fees being a top-three business expense for many financial institutions, but automation could be the solution. Meritsoft’s Daniel Carpenter discusses post-trade automation with Bank Automation News in this episode of “The Buzz” podcast. Listen to the podcast here.  To learn more about the issues discussed, and some […]

A New Era for Trade Expense Management

Achieving cost optimisation and transparency in brokerage fees and billing Global investment banks are spending vast sums each year on their brokerage fees and billing operations but data challenges, lack of automation and legacy technology make it difficult to fully understand and therefore optimise their spend across the organisation. According to an independent survey we […]

Are you optimizing your agent bank billing operation?

Have you ever just paid a household bill without validating it first? It happens all the time, right. However, for financial institutions paying out multi-million sums of money every month for services rendered by a whole raft of providers, validation is critical. In many cases, ‘validation’ only extends to month-on-month eyeball comparison of invoices to […]