Here’s some bad news for those people who don’t find STP boring: other people do.
Research by financial services consulting firm TowerGroup has confirmed what many have long suspected – that the STP (straight-through processing) acronym is now so overused by banks as to be no longer very meaningful.
In fact, it is likely to pass straight through people, especially asset managers.
In a report entitled A eulogy for STP and the asset manager, TowerGroup says: “The overexposure of STP as a marketing vehicle has made it difficult to provoke a reaction from prospects.
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