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SS&C automates of agent notice process in bank loan services.

BANKING AND CREDIT NEWS-March 2, 2016-SS&C automates of agent notice process in bank loan services


SS&C Technologies Holdings, Inc. (NASDAQ: SSNC) has automated agent notices processing within SS&C bank loan services, the company said.

The new agent notices process streamlines the labor intensive and opaque processes that currently exist in workflows. Replaced with a fully automated process, managers can provide transparency through a client portal to store and process documentation related to bank loan holdings. SS&C provides an integrated and scalable suite of technology and services that delivers increased transparency and efficiency to loan market participants. The service enables straight through processing (STP) and operational controls over audit needs that are integrated with a client's operations.

Over USD1.0 trillion in assets are serviced across 300 clients including alternative, banks, and insurance. SS&C loan services offers a comprehensive suite of technology and outsourced services across the entire loan spectrum: accounting, reserving, credit risk analysis, middle and back-office administration, agency or shadow servicing of commercial and residential mortgages and bank loans. SS&C Loan Services is comprised of three core areas covering bank loans, residential whole loans, and mortgages.

With USD100 billion across financial services clients, SS&C bank loan services offers middle office loan administration including market data, trade processing, document management, and portfolio management.

SS&C Technologies is a global provider of investment and financial software-enabled services and software for the global financial services industry.

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Publication:M2 Banking & Credit News (BCN)
Date:Mar 2, 2016
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