The two firms stated they observed an 84% reduction in trade breaks and a significant reduction in non-value-added reconciliation work through the platform.
Post-trade investment is set to surge as record derivatives trading volumes led to failures across sell-side post-trade systems earlier this year.
The new service enables investment managers to retain control over the collateralisation of their non-cleared derivatives activities.
Banking giant and rising FinTech player look to create a zero-touch settlement payment process with a digital workflow for collaborative dispute resolution.
The two vendors will offer a joint solution facilitating end-to-end straight-through processing of derivatives transactions and collateral management workflows.
Partnership will see the expansion of e-contracts to help facilitate greater automation in the securities lending markets.
Initial margin collected by phase one firms for their non-cleared derivatives totalled $173.2 billion, an increase of 10% compared to year-end 2018.
New working group will look to solve complications for pension funds in providing cash collateral as variation margin.
Bank to combine global markets and securities services businesses into a single unit, handing new roles to its two custody heads, Global Custodian understands.
Representatives from LCH and EuroCCP highlight contradicting trends they are seeing in clearing activity throughout Europe following Brexit.