FIS has launched a new automated matching and execution platform for securities finance trades in the UK.
The securities finance matching platform uses smart automated matching technology to facilitate secure and scalable straight-through processing of securities finance trades.
FIS said the cloud-native solution seeks to bolster resilience by providing a brand-new enhanced route to market that mitigates single-point-of-failure risk.
“In an industry where margins are tightening and market volumes are increasing, efficiency and automation have become paramount,” said Nasser Khodri, head of capital markets, FIS.
“Lenders and borrowers have been searching for a service provider that can offer superior, automated matching services, reducing manual intervention for the most economical outcome. FIS’ new solution, coupled with our scale and industry expertise, will be transformative in securities lending, and by unlocking financial technology to the world we will be helping these financial institutions to reduce costs, minimise risks, and enhance returns.”
The solution, the newest component of the FIS Securities Finance and Collateral Management product suite, which FIS said has been attracting UK clients who will be onboarded in the coming months.
Non-UK institutions will be able to join the platform with the planned expansion into EU and US markets, pending additional regulatory approvals.