Jul 24, 2020
Transfer agents hold a curious place in the relationship between organizations and their investors.
While their responsibilities are easily defined, their execution requires precision, careful data management and a meticulous awareness of compliance and security requirements. It’s no wonder that many organizations choose to off-load that responsibility to specialist companies who are willing to take on both the workload and the risks associated with it.
Technological developments made in recent years have reduced settlement times and increased efficiencies, but a close examination of the processes involved behind the scenes with a traditional transfer agent reveals that, even today, much of the process is still dependent on manual and paper-based processes.
When examined through the lens of digitization, it simply looks old fashioned. The financial world is ready for — and is already embracing — the next natural step.