Capco and AccessFintech partner over data workflow solution
26 July 2021 UK
Image: Sikov/adobe.stock.com
Capco has partnered with AccessFintech to enhance the engineering and delivery of the latter鈥檚 data management and workflow solution.
The two fintech companies noted the importance of banks, brokers, custodians and buy-side firms ensuring they provide efficient technology platforms in the current competitive regulatory environment.
This can be difficult for some as legacy systems carry fragmented data and time-consuming manual processes, causing increased costs and liquidity risk. Therefore, it is also important for companies to modernise their internal systems and processes.
Capco and AccessFintech鈥檚 partnership aims to address this through joint engineering solutions to encourage faster workflow adoption and change management.
It will also assist companies to navigate challenges around operations and regulatory compliance, particularly the approaching Central 网爆吃瓜 Depositories Regulation (CSDR) regime, Interbank Offered Rate (IBOR) reconciliation, pre-matching and settlements, and cash payment affirmations.
In the partnership, AccessFintech鈥檚 Synergy Network has capabilities to extend and enrich data, as well as synchronise workflow and enable technology-driven operations transformation for transaction lifecycle management.
Capco鈥檚 experience in transformation projects will streamline client operations integration with the Synergy Network.
Owen Jelf, partner and global head of capital markets at Capco, says: 鈥淏y bridging the gap between legacy and modern systems, innovative solutions such as the Synergy Network accelerate those journeys and deliver cost effective and highly controlled rules-based process environments.鈥�
Boaz Zilberman, executive vice president of business development at AccessFintech, adds: 鈥淲e are already successfully processing more than a billion transactions a month. Coupling Capco鈥檚 industry benchmark technology and operations change management and delivery expertise with our Synergy Network and platform is an important accelerator of our clients鈥� operation and technology transformation.鈥�
The two fintech companies noted the importance of banks, brokers, custodians and buy-side firms ensuring they provide efficient technology platforms in the current competitive regulatory environment.
This can be difficult for some as legacy systems carry fragmented data and time-consuming manual processes, causing increased costs and liquidity risk. Therefore, it is also important for companies to modernise their internal systems and processes.
Capco and AccessFintech鈥檚 partnership aims to address this through joint engineering solutions to encourage faster workflow adoption and change management.
It will also assist companies to navigate challenges around operations and regulatory compliance, particularly the approaching Central 网爆吃瓜 Depositories Regulation (CSDR) regime, Interbank Offered Rate (IBOR) reconciliation, pre-matching and settlements, and cash payment affirmations.
In the partnership, AccessFintech鈥檚 Synergy Network has capabilities to extend and enrich data, as well as synchronise workflow and enable technology-driven operations transformation for transaction lifecycle management.
Capco鈥檚 experience in transformation projects will streamline client operations integration with the Synergy Network.
Owen Jelf, partner and global head of capital markets at Capco, says: 鈥淏y bridging the gap between legacy and modern systems, innovative solutions such as the Synergy Network accelerate those journeys and deliver cost effective and highly controlled rules-based process environments.鈥�
Boaz Zilberman, executive vice president of business development at AccessFintech, adds: 鈥淲e are already successfully processing more than a billion transactions a month. Coupling Capco鈥檚 industry benchmark technology and operations change management and delivery expertise with our Synergy Network and platform is an important accelerator of our clients鈥� operation and technology transformation.鈥�
← Previous technology article
ASX partners with TriOptima to reduce trades in exchange鈥檚 clearing house
ASX partners with TriOptima to reduce trades in exchange鈥檚 clearing house
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 网爆吃瓜 Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to 网爆吃瓜 Finance Times
