The article emphasises the need for technological innovation to address settlement failures in financial markets. Alistair Griffiths, Director of EMEA Sales at Baton Systems, a global fintech company using Distributed Ledger Technology (DLT) for post-trade processing, highlights the high costs and consequences associated with settlement failures. The manual nature of securities processing and limited visibility contribute to the problem. The article suggests leveraging technology, such as straight-through processing (STP) and real-time visibility, to reduce failures. Baton Systems offers solutions to enhance post-trade processes and mitigate settlement failures.
