SS&C was recently interviewed for the Insurance Asset Management, Europe 2020 report by Clear Path Analysis. The report examines the effects of uncertainty and volatility on various asset classes, and the opportunities created. Scott Kurland, Managing Director and Head of Product Marketing for SS&C Singularity, spoke with Zoi Fletcher of Clear Path Analysis to talk about how innovative technologies can be applied within the middle and back office.
Robotic process automation (RPA) can be used to automate data-validation checks, and machine learning (ML) can be trained with historical data to generate accounting entry updates. Predictive analytics can provide insights and context related to data discrepancies in addition to simplifying manual data entry. In the interview, Kurland discusses in more detail how these innovative technologies increase efficiency in middle and back-office operations.
SS&C’s Singularity leverages artificial intelligence to track critical metrics of core activities by combining RPA, ML, natural language processing (NLP) and predictive analytics in one unified, cloud-based, web and mobile-accessible system. The combination of leading-edge technologies enables Singularity to offer broad asset coverage, real-time multi-basis accounting, intelligent workflow and automated counterparty reconciliation.
Read the full interview here.
Asset Management, Insurance