Թ

Home   News   Features   Interviews   Magazine Archive   Symposium   Industry Awards  
Subscribe
Թ
Leading the Way

Global Թ Finance News and Commentary
≔ Menu
Թ
Leading the Way

Global Թ Finance News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Technology news
  3. Pirum Systems unveils corporate actions processing solution
Technology news

Pirum Systems unveils corporate actions processing solution


11 March 2021 UK
Reporter: Drew Nicol

Generic business image for news article
Image: Pirum logo
Pirum Systems has launched a solution for corporate actions processing as part of its ‘Future Tech’ initiative.

COACSConnect is a “revolutionary offering that brings much needed risk reduction, connectivity, and automation to the processing of both mandatory and voluntary corporate actions,” Pirum says.

Leveraging its “unique network and connectivity in securities finance”, Pirum’s COACSConnect service aims to enable market participants to create, match and disseminate corporate action related notifications.

By centralising these processes Pirum promises to allow market participants to settle claims quickly and resolve differences in a highly secure and fully audited workflow.

COACSConnect will also “greatly reduce the friction and inefficiencies” that exist in the post-trade securities finance operational landscape, Pirum adds.

In a statement on the launch, Pirum's head of product development Robert Frost says: “This is the first step on what will become a comprehensive offering to the securities finance market and is, yet another solution launched as part of Pirum’s ‘Future Tech’ initiative”.

The Future Tech Initiative looks to automate and digitalise securities finance and over-the-counter processes from front to back.
Next technology article →

Hudson Fintech launches workflow tool
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Թ Finance Times
Advertisement
Subscribe today
Knowledge base

Explore our extensive directory to find all the essential contacts you need

Visit our directory →
Glossary terms in this article
→ Corporate Action

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →