Use Case
Self-servicing opportunities with enhanced data availability and reporting customization
Retrieve transfer agency data whenever you need it and use it in any way required.
The challenge
Today, clients have to request for ad-hoc data extractions and bespoke reports to meet their Transfer Agency reporting needs. This limits the timeliness and level of customisation available to the client.
The solution
When clients integrate with HSBC Securities Services’ Transfer Agency API suite, clients can self-service and access 18 data points directly. Clients can ingest this data directly to their systems and create any customized reporting from thereon. Additionally provides flexibility to our client to create or suffice any bespoke data driven requirement and removes HSBC dependency to provide the same. This removes the manual intervention of data shipping the data received into an internal system and allows for high levels of customization in an efficient manner.
Benefits
- Enhanced access to real time data allowing near real time MI’s, information availability.
- Ability to create reports or structure data as per requirement and not being depended on provider.
- Given there are reduced bespoke data requirements to be taken from provider, from a cost perspective this is beneficial for Clients.
- The turnaround time on receipt of data is reduced as there is data already available in unstructured format and can be interpreted and structured as per the requirement.