back Back

ERI- IBSI’s whitepaper explores the evolving custody services industry

By Megha Bhattacharya

June 16, 2021

  • America
  • ERI
Share

Custody offerings originated to provide safekeeping services when assets were in physical form. Having custody of assets enabled banks to offer services such as settlement and asset servicing. Custody services, since the early days, have evolved significantly. Currently, almost half of the global assets come under the custody of the four most prominent players. This has led to the development of sharp contrast between the annual growth rate of the assets and the increasing service fees of the competitors.

ERI and IBS Intelligence have collaborated on a whitepaper exploring the custody services industry. It identifies key drivers of change, emerging trends, challenges for Tier 2-3 banks and provides an outlook on the digital roadmap for these banks. It further highlights the custody lifecycle and the key services offered by the custodians in the financial services ecosystem.

The whitepaper talks about the latest developments in the custody services industry. It explores the changes brought about by emerging client preferences, the rising pace of digitisation, and emerging compliance requirements. The whitepaper also surveys the key considerations that need to be undertaken by Tier 2- 3 custodian banks and assists in the development of a digital roadmap.

Custodians aim to extend their support for new asset types such as digital assets and cryptocurrencies to enable their clients to access these assets safely and securely. In the current dynamic market of custody services, regulators and legislators are on their toes to ensure asset and client protection. Complying with regulations such as TARGET2-Securities (T2S), Central Securities Depositories Regulation (CSDR), Anti-Money Laundering (AML), or GDPR is critical for custodians. The paper discusses the importance of a system with secure communications, file sharing, data encryption, and well-defined access rights in the post-pandemic world.

For more insights on the Custody Services whitepaper, click here.

Previous Article

June 16, 2021

GoDaddy unveils GoDaddy Payments, offers fast and secure payments for small businesses

Read More
Next Article

June 16, 2021

Contour enables SMEs in Bangladesh to access trade finance

Read More








IBSi Daily News Analysis

Cybersecurity, financial services

May 17, 2024

America

Most of KSA organizations uses AI in their cybersecurity strategies, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

May 13, 2024

KeyBank launches virtual account management solution for treasury clients

Read More

May 08, 2024

Revolut debuts crypto trading platform for professional traders

Read More

May 02, 2024

Finastra & OpenFin to enhance Kondor with workspace technology

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023