Pirum goes live with T+1 solution
30 October 2023 UK
Image: Tierney/stock.adobe.com
UK-based financial services technology vendor Pirum has launched its borrower automation solution with its Recall Manager service.
The solution is designed to enable full automation of the recall lifecycle ahead of the T+1 settlement deadline in the US, Canada and Mexico in May 2024.
Pirum says the firm is going live with a number of global agent lenders over the coming weeks, with a number of other users later this year.
The Recalls Manager service is an interoperable recalls service which aims to streamline and automate the entire end-to-end recall workflow.
It will also allow lenders and borrowers to agree and automate the management of recalls across all of their counterparts, the firm adds.
The solution is designed to enable full automation of the recall lifecycle ahead of the T+1 settlement deadline in the US, Canada and Mexico in May 2024.
Pirum says the firm is going live with a number of global agent lenders over the coming weeks, with a number of other users later this year.
The Recalls Manager service is an interoperable recalls service which aims to streamline and automate the entire end-to-end recall workflow.
It will also allow lenders and borrowers to agree and automate the management of recalls across all of their counterparts, the firm adds.
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