Corporate Clients Want to Improve STP with Banks, Survey
Most corporate clients want to improve the straight through processing (STP) rate between their back office and the bank, according to a survey conducted by Fundtech. The survey polled 58 senior level managers from 22 of the world’s most influential banks in December. All of the respondents said that their corporate clients are aware of the STP rate between their back office and the bank and that 54 per cent of them are actively working to improve this rate. The survey also revealed that 55 per cent of the respondents’ institutions are more interested in outsourcing this year than last year, but only 13 per cent felt the potential for outsourcing had decreased.