AccessFintech taps Capco to accelerate post-trade transformation adoption

Through the partnership, Capco will combine its technology consultancy capabilities with AccessFintech’s post-trade solution. 

By Wesley Bray

Capco and AccessFintech have partnered to accelerate the adoption of AccessFintech’s data management and workflow solution by asset managers and other post-trade firms.

Under the new partnership, the global consultancy firm will drive the delivery of AccessFintech’s Synergy Network for asset managers, banks, brokers and custodians.

The post-trade solution has become a vital tool for firms to meet the incoming Settlement Discipline Regime (SDR), set out under the Central Securities Depository Regulation (CSDR), by providing efficient transaction lifecycle management and benchmarking insights across the entire financial ecosystem. 

It also allows for faster workflow adoption and change management initiatives to support firms in addressing challenges associated with operations and regulatory compliance, including IBOR reconciliation, pre-matching and settlements, and cash payment affirmations. 

Capco’s capabilities of delivering transformation projects will increase the pace at which clients can integrate their operations with the Synergy Network, allowing them to benefit from the additional transparency and certainty that the network offers.  

“Whether for regulatory, risk, efficiency or cost purposes, financial institutions are actively pursuing global transformation journeys to achieve overall process simplification and a streamlining of their technology ecosystems. By 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,” said Owen Jelf, partner and global head of capital markets at Capco. 

To keep up with new regulations and increased competition, banks, brokers, custodians and buy-side firms are focused on improving efficiency and their technology platforms. However, fragmented or partial data manual processes mean increased costs and liquidity risk. In the same breath, firms are also focused on enhancing their internal processes and systems.  

AccessFintech’s partnership with Capco follows a spree of partnerships the tech vendor has established over the past year, which include the likes of Clearstream, Broadridge, Janus Henderson, JP Morgan, Goldman Sachs and Symphony. Most recently, the post-trade start-up firm partnered with SIX to offer CSDR data services to clients.  

“AccessFintech is already working with a critical mass of significant financial institutions and is successfully processing more than a billion transactions a month. Coupling Capco’s industry benchmark technology and operations change management and delivery expertise with our Synergy Network and platform is an important accelerator of our clients’ operation and technology transformation,” added Boaz Zilberman, EVP, business development at AccessFintech.