SEB to adopt new custody platform from S&P Global
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The new platform will enhance SEB's ability to provide state-of-the-art services to several customer segments.
'The new engagement with S&P Global gives us access to a tested platform that allows for the scale and flexibility we need, and enables quicker product development,' says Ann Magnusson, head of Investor Services at SEB.
Operated within S&P Global's Market Intelligence division, the new platform is API-enabled and designed to support the full lifecycle of post-trade and asset servicing functions.
The solution enables higher levels of automation, faster time to market for new services, and improved operational resilience through modern architecture and exception-based processing.
'Collaborating with SEB on this transformational journey represents a key moment in the evolution of our Securities Processing Platform,' said Ankush Zutshi, Head of Securities Processing & Asset Servicing at S&P Global Market Intelligence.
SEB will gradually move functionality and data to S&P Global's platform over several years, which means customers will also gradually experience improvements.
The bank will use the new platform in all Nordic countries for retail, private banking, family office, and sub-custody customers.
Modern technology and cloud-based storage provide higher operational reliability and easier updates. Scalable solutions such as S&P Global's make it easier to administer and develop new services, benefiting both SEB and customers.
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