SSImple and S&P collaborate on SSIs

SSImple and S&P Global Market Intelligence collaborate to deliver SSI processing automation and validation services to financial markets

A significant proportion of Standing Settlement Instructions (SSIs) are still processed manually, presenting major challenges for the industry in terms of operational overhead and settlement failures.

To address this, SSImple and S&P Global Market Intelligence have announced a joint collaboration that brings together S&P Global Market Intelligence’s advanced large language data extraction models, comprehensive legal entity data, dynamic workflows, and established outreach technology with SSImple’s state-of-the-art SSI validation and processing capabilities.

This collaboration aims to automate SSI extraction, validation, and authentication, and will also extend to providing SSI services for custodians and independent validation for broker-dealers — helping to solve one of the most persistent and complex issues in the post-trade space.