Problem

The incoming CSDR regime will enforce settlement discipline for all finance organizations settling trades in Europe. The regulation will introduce daily penalties against all eligible trades as well as mandatory buy-ins.

Solution

A full lifecycle solution through a single infrastructure supports fail minimization, CSDR eligibility determination, buy-in and penalty calculation. AccessFintech also provides direct connectivity to buy-in agents and reference and pricing data.

Benefits

Problem

Repo confirmation is supported by multiple vendors, with banks often connecting to more than one provider to support client preferences. This high cost process also leads to lengthy onboarding for providers. Each vendor then sends and receivers information in their own preferred format, leading to either more build or increased manual effort for the banks.

Solution

We provide access to multiple vendors via AccessFintech’s VendorGateway which reduces onboarding, distribution and build costs. We normalize repo data to multiple vendors and clients and aggregate exceptions from relevant vendors. You can see a collated view of repo exceptions across clients and vendors.

Benefits

Problem

Payment management is often manual and reactive, resulting in overdrafts/claims due to late application of payments and mismatched amounts.

Solution

AccessFintech provides the aggregation and publication of payment data prior to pay date to facilitate payment matching. We provide real time exception pairing which reduces erroneous and missed payments by allowing participants to collaborate via the AccessFintech platform. You can instruct via the platform using API’s connected to the source system. We support adherence to FIX-led derivative payment protocol.

Benefits

Problem

Financial institutions experience regular discrepancies between client, accounting and custodian position. Late identification of exceptions can lead to erroneous position reporting and the associated implications. There are multiple reconciliation platforms in use across the market and even inside individual organizations.

Solution

AccessFintech provides real time exception pairing between counterparts. This assists in the collaboration, investigation and resolution of exceptions via our platform, with no requirement for email. You can auto reconcile exceptions using our flexible systemic rules.

Benefits

Problem

Market monitoring and surveillance systems do not have access to the data required to detect all types of financial crime and market abuse. A high volume of false alerts require manual investigation and regulation is increasing in this space.

Solution

AccessFintech provides monitoring and surveillance across multiple organizations, cross-broker and cross-jurisdiction using the Synergy network data to identify multi-party activity and risk assess. Our early risk detection allows issues to be addressed at inception.

Benefits

Problem

The market suffers from a lack of transparency around agent data. There is significant email traffic associated with requesting and confirming data. The absence of data reconciliation leads to incorrect payments and associated kickback and rework.

Solution

With AccessFintech you can ingest and normalize data across all agents/lenders, providing a self-service tool for lenders to see all of their contract level data. Agents benefit from significant reduction in queries. All parties have access to collaboration and workflow tools to assign ownership and collaborate on discrepancies to resolution.

Benefits