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Synergy by AccessFintech Partners with Nuvo Prime to Enhance Prime Swaps Process Efficiency

Posted on June 26, 2025 by - News

Partnership delivers streamlined processes, enhancing control and task automation for the financial services industry to bring greater scalability to prime service businesses

LONDON, June 26, 2025 /PRNewswire/ — Synergy by AccessFintech, the network driven by data and intelligence, announced today a partnership with Nuvo Prime, a leading provider of Prime Services SaaS solutions for large and medium-sized financial institutions globally. The collaboration aims to bring greater operational and capital efficiency to prime and securities market participants by transforming trade lifecycle management and post-trade workflows.

Synergy enables real-time data capture and transformation across a wide range of asset classes, including securities, derivatives and alternatives. With an API-first design, AI-driven insights and seamless interoperability, Synergy offers financial institutions the flexibility and scale needed to modernize their infrastructure and workflows.

Through this partnership, Synergy and Nuvo Prime will deliver an integrated solution for swap providers, connecting Nuvo Prime’s unified prime finance platform – which supports both equity swaps and cash trading workflows – with the Synergy network. The result is a more efficient and scalable prime solution, underpinned by automated processes and real-time alignment of accruals and cash flows.

By introducing a daily alignment of accruals and cash flows, this collaboration provides a scalable prime solution that solves for the complexities of equity swaps trading. Built on cloud-native technology and driven by both organizations’ deep industry expertise, the partnership leverages Nuvo Prime’s platform and Synergy’s extensive data collaboration network to streamline swaps lifecycle management, enabling clients to reinvest resources in other areas and more efficiently scale their prime business.

“The team at Nuvo Prime brings expertise across both banking and technology, having built and managed trading platforms, developed Synthetic and Cash Prime Brokerage products, and led business lines end to end,” said Fabrice Carrier, Head of Derivatives Services at AccessFintech. “Together with Synergy the integrated service will help prime market participants to reduce risk and further scale their business through improved post-trade processes.”

“In the highly regulated and complex world of synthetic equity trading, financial institutions must transform and streamline their processes and operations while carefully controlling risk,” said James Cunningham, General Counsel at Nuvo Prime. “Central to that effort is rigorous and effective management of high-volume trades and associated workflows. We are pleased to be working with Synergy, to support our clients’ needs for more efficient matching processes with their customers.”

About Synergy by AccessFintech

Synergy by AccessFintech is a network driven by data and intelligence that transforms post-trade collaboration. Connecting the global capital markets ecosystem, Synergy integrates buy-side, sell-side, order management systems, and vendors, supporting a growing network of over 250 active members. The platform facilitates real-time data transformation across a wide range of asset classes, including securities, derivatives, alternatives, and payments. Built on modern, cloud-native architecture with an API-first approach, Synergy is designed for scalability and flexibility, offering seamless integration with existing technologies. By leveraging AI-driven insights, Synergy improves operational efficiency, resolves exceptions faster, and reduces manual intervention, driving innovation and value across the financial ecosystem. For further information please go to accessfintech.local/ or follow us on LinkedIn.

About Nuvo Prime

Nuvo Prime is a leading provider of SaaS solutions to the financial services industry. Headquartered in London, UK with operations in Toronto and Singapore, its focus is to deliver cutting-edge technology, backed by a team of financial services professionals delivering expert consultancy and application support. Nuvo Prime empowers its customers to achieve operational excellence, ensuring regulatory compliance while growing product flexibility and reach, worldwide. For more information visit www.nuvo-prime.com.

Media Contacts
Pardeep Cassells for AccessFintech
[email protected]
+44 (0) 7388 490018

James Cunningham for Nuvo Prime
[email protected]

J.P. Morgan & Citi Partner with AccessFintech on Live Netting Solution for the Repo Market

Posted on April 28, 2025 by - News

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Live on the Synergy network, J.P. Morgan and Citi bring netting solution to €15 trillion EMEA repo market

London, 28 April 2025

 

Synergy, the network driven by data and intelligence by AccessFintech, announces the launch of Settlement Netting, transforming operational efficiency in the fixed income markets. Synergy by AccessFintech captures data from a wide range of asset classes, including securities, derivatives, alternatives, and payments, enabling seamless data transformations across network participants. This solution promotes real-time transparency and cross-market collaboration across the entire post-trade lifecycle, using advanced data pairing to improve pre-matching accuracy and reduce fail rates. Leveraging cloud-native infrastructure, Synergy streamlines workflow processes, generates actionable insights, and resolves exceptions in real time, optimizing post-trade efficiency.

 

J.P. Morgan and Citi were instrumental in the establishment of the service, with J.P. Morgan contributing to the use case and both Citi and J.P. Morgan providing valuable input and refinement for the solution.  An industry working group with key repo market participants has helped to deliver the design of the common data model, market structure considerations, and operational workflow. Initially piloting its netting programme in the €15 trillion EMEA repo market, Synergy’s AI-driven insights and data model centrally matches transaction details across trading counterparties, removes the operationally burdensome spreadsheets currently used to calculate netting obligations, and promotes secure counterparty communication through structured queries via API or UI. This significantly improves fail rates, reduces asset movements, and reduces transaction costs associated with fixed repo settlements. Synergy has also deployed innovative AI-based intelligence – with the ability to generate settlement netting candidates real time – and utilizes historical data to inform counterparty behaviour on data elements such as performance against settlement obligations and amendment rates.

 

 “We have partnered very closely with AccessFintech on this collaboration solution as we believe it will transform the smooth operation of the repo market,” said Anthony Fraser, Global Head of Prime Financial Services Operations at J.P. Morgan. “Integrating J.P. Morgan’s best-in-class operating model and workflow tools with AccessFintech’s state-of-the-art technology enables us to establish a model of standardization, transparency and seamless communication. We’re committed to delivering solutions which drive enhanced settlement efficiency and result in better outcomes for our clients.”

 

“We are pleased to bring this important collaboration solution to the repo market with AccessFintech. We remain intensely focused on creating solutions that enhance our clients’ investment performance and success,” said Jaime Healy-Waters, Global Head of Cash Equity Middle Office and EMEA Cash Securities Settlements at Citi.

 

The launch of Settlement Netting expands AccessFintech’s Synergy platform, enhancing its capability to drive data transparency through advanced normalization, visualization, and seamless access to comprehensive transaction data. Settlement netting also allows Synergy clients to leverage its global data platform to net obligations across repos, TBAs, cash transactions, and other asset classes to increase operational efficiency and maximize liquidity. Synergy is also uniquely positioned to streamline interactions between clients and custodians and eliminate manual intervention by sending instructions via API to custodians.

 

Tom Granelli, Head of Netting Product, Synergy at AccessFintech said: “We are continuously driving industry transformation to prepare and strengthen market operations for the future. We remain intensely focused on creating solutions that enhance our clients’ investment performance and success. Settlement Netting is another example of our deployment of the transformative Synergy network, enabling the ecosystem to magnify their operational effectiveness and reduce unnecessary manual processes.”

 

 

About Synergy by AccessFintech

Synergy by AccessFintech is a network driven by data and intelligence that transforms post-trade collaboration. Connecting the global capital markets ecosystem, Synergy integrates buy-side, sell-side, order management systems, and vendors, supporting a growing network of over 250 active members. The platform facilitates real-time data transformation across a wide range of asset classes, including securities, derivatives, alternatives, and payments. Built on modern, cloud-native architecture with an API-first approach, Synergy is designed for scalability and flexibility, offering seamless integration with existing technologies. By leveraging AI-driven insights, Synergy improves operational efficiency, resolves exceptions faster, and reduces manual intervention, driving innovation and value across the financial ecosystem. For further information please go to accessfintech.local/ or follow us on LinkedIn

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Synergy by AccessFintech to Integrate with S&P Global Market Intelligence’s Securities Processing platform to enhance settlement management for clients.

Posted on February 24, 2025 by - News

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Integration of Synergy by AccessFintech, the network driven by data and intelligence, enhances automation and standardisation of
securities processing across the trade lifecycle on S&P Global Market Intelligence’s Securities Processing platform

London and New York, 24 February 2025

 

Synergy by AccessFintech, the network solution driven by data and intelligence, has been successfully integrated with S&P Global Market Intelligence’s Securities post-trade processing platform to enhance settlement management for clients by automating and standardising securities processing across the trade and settlement lifecycle.

This integration delivers fail-reduction, trade compression, penalty management, and streamlines the process of Standard Settlement Instructions (SSI) by joining clients with network adopters to address settlement failures through a web of seamless counterparty connectivity.

S&P Global Market Intelligence’s Securities Processing solutions enable clients to reshape their technologies and processes, empowering them with a distinct competitive advantage to better position themselves in the marketplace. This seamless integration means clients can transition from managing multiple applications and isolated processes to one unified cloud platform and an integrated post-trade framework with the ability to predict and resolve settlement failures.

Synergy by AccessFintech, the multi-asset data network has successfully brought together over 250 Buy-Side, Sell-Side, Asset Servicers, and OMS platforms for real-time data collaboration. With a focus on efficiency and innovation across asset classes, Synergy leverages AI-driven insights and a cloud-native infrastructure to normalise data, generate actionable insights, and resolve exceptions in real time through collaborative engagement. Synergy supports the entire post-trade lifecycle, from pre-matching to settlement, to aid in fail minimization, CSDR eligibility determination, buy-in, and penalty calculation. As a result, stakeholders benefit from increased efficiency and clear, actionable insights, ultimately speeding up resolution times.

The US, with its volume-heavy markets, shifted to a T+1 settlement regime in 2024, and the UK and EU have signalled a potential move to T+1 as early as 2027. Accelerating settlement is likely to involve changing operational processes and upgrading technology, as well as making possible adjustments to staffing. These cycles will place further strains on operations teams within financial institutions globally. Teams already grapple with a substantial 5% of exceptions that require manual intervention, alongside navigating diverse regulatory requirements, notably the CSDR regime in Europe.

Matt Digby, Head of Partnerships at AccessFintech: “Our clients are actively looking for data interoperability, leveraging technology to improve efficiency, simplify workflows, and increase collaboration across and between organisations. Through this collaboration, S&P Global Market Intelligence and AccessFintech are providing industry-leading advances in the post-trade process. Having a data and workflow normalisation and collaboration strategy is critical, particularly as the industry adapts to CSDR regulation and the move to T+1 settlement.”

 

Media enquiries

Eterna Partners for AccessFintech

[email protected]

+44 7442 230 170

 

About Synergy by AccessFintech

Synergy by AccessFintech is a network driven by data and intelligence that transforms post-trade collaboration. Connecting the global capital markets ecosystem, Synergy integrates buy-side, sell-side, order management systems, and vendors. With over 75% of global market trade volume flowing through the platform, Synergy supports a growing network of over 250 active members. The platform facilitates real-time data transformation across a wide range of asset classes, including securities, derivatives, alternatives, and payments. Built on modern, cloud-native architecture with an API-first approach, Synergy is designed for scalability and flexibility, offering seamless integration with existing technologies. By leveraging AI-driven insights, Synergy improves operational efficiency, resolves exceptions faster, and reduces manual intervention, driving innovation and value across the financial ecosystem. For further information please go to accessfintech.local/ or follow us on LinkedIn

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Wilmington Trust and AccessFintech Streamline Private Credit Lifecycle Management

Posted on February 12, 2025 by - News

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Driving loan market data transparency, streamlining workflows, and digitizing loan contract position and accrual information for the private credit market.

London and New York, 12 February 2025

 

Wilmington Trust and AccessFintech have announced a new collaboration that automates and streamlines loan lifecycle management using the Synergy platform. This effort drives real-time data transparency and collaboration, significantly reducing discrepancies and resolution times among various organizations across the loan market. Lenders can compare normalized data sets, prevent cash breaks and accelerate the resolution process.

 

As third-party agent, Wilmington Trust – part of the M&T Bank (NYSE: MTB) family – is working with AccessFintech to enable real-time sharing of contract level data via its Synergy network for the private credit market, a significant area of growth for the loan market. With many shared clients, this agreement will allow agents, lenders, CLO trustees and administrators to connect seamlessly and work on shared workflows in one, central environment. Agents and lenders can proactively manage every aspect of their loan data workflow and collaborate with partners and benefit from continuous matching.

 

“Wilmington Trust is working with AccessFintech to further enhance the syndicated loan market’s focus on solutions for data transparency and workflow collaboration, all of which continue to be critical for the future growth and scalability of our industry,” said Medita Vucic, Wilmington Trust’s Head of Structured Finance and Loan Market Solutions.  “Our relationship with AccessFintech will facilitate streamlined communication through a centralized, single-source solution delivering substantial productivity and efficiency improvements for Wilmington Trust and our clients.”

 

The Synergy network works with financial institutions across all asset classes to establish an ecosystem of connected organizations including buy-side, sell-side, agents, custodians, CLO trustees, service providers and vendors. The network is a data and workflow normalization and collaboration effort, which is live across the financial system.

 

As the private credit market has expanded – topping more than $2.1 trillion last year – the complexity of data and operational management for firms operating in this space has also grown. Private credit loans bring with them with less standardization and access to information.

 

“Our goal is to develop innovative solutions in collaboration with the industry. Synergy is expanding its shared data network, and we are thrilled to join forces with Wilmington Trust to further strengthen loan industry cooperation,” said Cory Olsen, Head of Loan Products at AccessFintech. “Empowering lenders to continuously align and collaborate in real time is a revolutionary shift that will transform interactions between agents and lenders, delivering significant operational advantages for everyone.”

 

Wilmington Trust and AccessFintech are addressing the challenges in the complex private credit and syndicated loan industry – and leading the transition from an e-mail and PDF-centric workflow to an automated workflow with shared real-time digitized data. This, in turn, addresses issues around exchanging and confirming information, allowing improved identification of cash and position breaks leading to delays in settlement times.

 

For Media Inquiries:

 

Wilmington Trust                                                                                 

Patrick Fitzgibbons

Senior Public Relations Manager

[email protected]

AccessFintech

Eterna Partners for AccessFintech

[email protected]

 

About Synergy by AccessFintech:

Synergy by AccessFintech is a network driven by data and intelligence that transforms post-trade collaboration. Connecting the global capital markets ecosystem, Synergy integrates buy-side, sell-side, order management systems, and vendors, supporting a growing network of over 250 active members. The platform facilitates real-time data transformation across a wide range of asset classes, including securities, derivatives, alternatives, and payments. Built on modern, cloud-native architecture with an API-first approach, Synergy is designed for scalability and flexibility, offering seamless integration with existing technologies. By leveraging AI-driven insights, Synergy improves operational efficiency, resolves exceptions faster, and reduces manual intervention, driving innovation and value across the financial ecosystem. For further information please go to accessfintech.local/ or follow us on LinkedIn.

 

About Wilmington Trust:

Wilmington Trust is a registered service mark. Wilmington Trust, N.A. provides Corporate and Institutional Services including institutional trust, agency, and administrative services for clients worldwide who use capital markets financing structures. Wilmington Trust provides direct trust, custody, and fiduciary services for U.S retirement plans, companies, foundations, organizations and financial institutions.

 

Wilmington Trust also provides Wealth Advisory services in the Americas with a wide array of personal trust, financial planning, fiduciary, asset management, and family office solutions designed to help high-net-worth individuals and families grow, preserve, and transfer wealth.

 

Wilmington Trust maintains offices throughout the United States and internationally in London, Dublin, and Frankfurt. For more information, visit www.WilmingtonTrust.com.[/vc_column_text][vc_empty_space height=”15px”][/vc_column][/vc_row]

Synergy Launches Swaps Lifecycle Management

Posted on December 4, 2024 by - News

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Synergy by AccessFintech Expands Derivatives Offer

 

London and New York, 4 December 2024

Synergy, the network driven by data and intelligence by AccessFintech, has launched a new Swaps Lifecycle Management service, building on its established derivatives solutions. This new offering empowers hedge funds, asset managers, prime brokers, broker-dealers, outsourced middle offices, and fund administrators to enhance post-trade efficiency across the network. Major industry participants are already live with this innovative swaps solution.

Synergy by AccessFintech is a network powered by data and intelligence that transforms post-trade collaboration, uniting over 250 Buy-Side, Sell-Side, Asset Servicers, and OMS platforms. With a focus on efficiency and innovation across asset classes—such as securities, derivatives, and alternatives—Synergy leverages AI-driven insights and a cloud-native infrastructure to normalize data, generate actionable insights, and resolve exceptions in real time through collaborative engagement.

 

The new Swaps Lifecycle Management service within Synergy’s derivatives suite includes:

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“The derivatives market has historic inefficiencies, and we are responding to what clients are telling us they need. We believe this new swaps service will be transformative, setting a new standard for the industry. As swaps and derivatives grow in scope and complexity, our clients are dedicating increasing resources to managing them. Synergy’s approach allows clients to redirect their focus toward value-adding activities, cutting down on repetitive manual processes and minimizing email or phone outreach for issue resolution.”[/vc_column_text][/vc_column][/vc_row]