Financial technology company FIS (NYSE:FIS) has unveiled its new automated matching and execution platform for UK securities finance transactions.
The Securities Matching Platform uses intelligent automated matching technology to facilitate secure, scalable and cost-effective direct processing of securities financing transactions. The innovative cloud-native solution seeks to enhance resiliency by providing a brand new streamlined path to market that mitigates the risk of a single point of failure.
The new FIS Securities Matching Platform identifies the best match scenario by automating the evaluation of many factors involved in securities trading, including commissions or discount rate, capital requirements, transaction and reporting costs, and counterparty trading patterns.
These enhanced capabilities seek to help clients achieve the greatest possible market depth and liquidity while enhancing risk management by mitigating the risk of a single point of failure.
Nasser Khodri, Head of Capital Markets, FIS said:
“In an industry where margins are shrinking and market volumes are increasing, efficiency and automation have become paramount. Lenders and borrowers are looking for a service provider that can offer superior, automated matching services, reducing manual intervention for the most cost-effective outcome. FIS’ new solution, combined with our scale and industry expertise, will transform securities lending and by unlocking financial technology to the world we will help these financial institutions reduce costs, minimize risk and enhance returns .”
The solution, the newest component of the FIS Securities Finance and Collateral Management product line, is quickly gaining traction among financial institutions, with many UK customers expected to join in the coming months. Non-UK institutions will be able to join the Platform with planned expansion into the EU and US markets, pending additional regulatory approvals.