Live Solutions Transforming Global Custody Operations
Designed jointly with industry professionals across global custodians, broker dealers and asset managers, Kingfield connects manual processes to automated workflows, fragmented information to real-time transparency, and isolated operations to global collaboration.
Income Collection Claims
Operational across 40+ business units at major financial institutions
The Industry Challenge:
- Failed trades, security lending, and interim trading create millions in outstanding claims annually
- Traditional email-based processes means slow response times and lengthy resolutions periods between counterparties
- Manual processes complicate and delay recovery, increase operational risks, potential missed deadlines and financial loss
Kingfield’s Solution:
- Real-time collaboration across counterparties in one secure platform
- Automated lifecycle management from claim initiation to fund recovery
- Standardized workflows eliminate bespoke tracking systems
- Comprehensive reporting for operations, compliance and risk management
The Results:
- Eliminate communication delays and back-and-forth communications
- Move claims through their lifecycle efficiently and transparently
- Reduce manual intervention and associated risk of errors
- Accelerate processing and recovery time
- Provide superior controls and oversight capabilities
Client Results: 90% reduction in open market claims, 20-30% improvement in operational efficiency
Tax Withholding Recovery
Adopted by a large Global Custodian and two of the industry’s largest asset managers.
The Industry Challenge:
- Manual documentation and processing across 40+ markets
- High operational costs and extended processing times
- Fragmented systems and communication channels
Lack of transparency between counterparties
Kingfield’s Solution:
- End-to-end digital processing starting with France, expanding globally
- Centralized document management with automated generation and validation
- Real-time shipment tracking with auto-reconciliation to sub-custodians
- Standardized submissions reducing manual processing burden on tax authorities
The Results:
- Eliminate delays from fragmented communication
- Reduce operational and compliance risks
- Minimize manual intervention and error potential
- Provide full transparency on recovery status to all participants
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