Pirum and FIS offer recall interoperability
14 September 2023 UK

Pirum has announced new connectivity and interoperability measures that aim to assist clients in the upcoming transition to T+1 for the US and Canada.
The developments will enable users of the FIS Íø±¬³Ô¹Ï Lending Processing Platform (formerly known as Loanet) to connect with users of Pirum’s post-trade services or FIS’ platform, with full interoperability and network coverage across all platforms.
Pirum says this will increase straight-through processing of recalls and callback messages, enabling clients to issue recalls and manage callbacks centrally with connectivity to trading counterparts on either platform.
Philip Morgan, CEO of Pirum, says: “I am thrilled to announce this significant evolution ahead of T+1 regulatory change, which reiterates Pirum’s commitment to providing global automation and supports our expanded coverage in North America. Much like for the Íø±¬³Ô¹Ï Financing Transactions Regulation (SFTR), industry participants asked that service providers work together — we listened and reacted accordingly.â€
The developments will enable users of the FIS Íø±¬³Ô¹Ï Lending Processing Platform (formerly known as Loanet) to connect with users of Pirum’s post-trade services or FIS’ platform, with full interoperability and network coverage across all platforms.
Pirum says this will increase straight-through processing of recalls and callback messages, enabling clients to issue recalls and manage callbacks centrally with connectivity to trading counterparts on either platform.
Philip Morgan, CEO of Pirum, says: “I am thrilled to announce this significant evolution ahead of T+1 regulatory change, which reiterates Pirum’s commitment to providing global automation and supports our expanded coverage in North America. Much like for the Íø±¬³Ô¹Ï Financing Transactions Regulation (SFTR), industry participants asked that service providers work together — we listened and reacted accordingly.â€
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