EquiLend and valid8Me enter strategic partnership with Onboard+
12 June 2024 US
Image: EquiLend
With the rollout of Onboard+, EquiLend has entered into a new partnership with digital onboarding and due diligence platform valid8Me.
The platform Onboard+, which is powered by valid8Me, introduces an end-to-end fund and counterparty onboarding solution to the securities finance market.
It aims to address challenges around the onboarding of beneficial owners in securities lending programmes.
According to the firms, this process has 鈥渢raditionally been a very manual and onerous process with significant lead times鈥�. The AI-driven platform will provide an increase in automation, expediting the entire process while reducing costs.
Kevin McNulty, head of RegTech Solutions at EquiLend, says: 鈥淒eveloped in collaboration with our clients, EquiLend Onboard+ fuses valid8Me鈥檚 innovation in KYC with EquiLend鈥檚 expertise in the securities finance market to unlock huge volumes of untapped liquidity.鈥�
Patrick Horgan, CEO of valid8Me, adds: 鈥淲e are excited to partner with EquiLend, a market leader in securities finance, and together solve a significant industry challenge with the introduction of the Onboard+ platform, which will unlock long-term value for our end clients.鈥�
The platform Onboard+, which is powered by valid8Me, introduces an end-to-end fund and counterparty onboarding solution to the securities finance market.
It aims to address challenges around the onboarding of beneficial owners in securities lending programmes.
According to the firms, this process has 鈥渢raditionally been a very manual and onerous process with significant lead times鈥�. The AI-driven platform will provide an increase in automation, expediting the entire process while reducing costs.
Kevin McNulty, head of RegTech Solutions at EquiLend, says: 鈥淒eveloped in collaboration with our clients, EquiLend Onboard+ fuses valid8Me鈥檚 innovation in KYC with EquiLend鈥檚 expertise in the securities finance market to unlock huge volumes of untapped liquidity.鈥�
Patrick Horgan, CEO of valid8Me, adds: 鈥淲e are excited to partner with EquiLend, a market leader in securities finance, and together solve a significant industry challenge with the introduction of the Onboard+ platform, which will unlock long-term value for our end clients.鈥�
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