AccessFintech announced that its network solution for data and intelligence, called Synergy, is integrated with S&P Global Market Intelligence’s Securities post-trade processing platform. This is expected to enhance settlement management for clients by automating and standardizing securities processing across the trade and settlement lifecycle.
The integration delivers fail-reduction, trade compression, penalty management, and streamlines the process of Standard Settlement Instructions (SSI) by joining clients with network adopters to address settlement failures through a web of seamless counterparty connectivity. Clients can transition from managing multiple applications and isolated processes to one unified cloud platform and an integrated post-trade framework with the ability to predict and resolve settlement failures.
The US, with its volume-heavy markets, shifted to a T+1 settlement regime in 2024, and the UK and EU have signalled a potential move to T+1 as early as 2027. Accelerating settlement is likely to involve changing operational processes and upgrading technology, as well as making possible adjustments to staffing. These cycles will place further strains on operations teams within financial institutions globally. Teams already grapple with a substantial 5% of exceptions that require manual intervention, alongside navigating diverse regulatory requirements, notably the Central Securities Depository Regulation (CSDR) regime in Europe.
Synergy leverages artificial intelligence (AI)-driven insights and a cloud-native infrastructure to normalize data, generate actionable insights, and resolve exceptions in real time through collaborative engagement. Synergy supports the entire post-trade lifecycle, from pre-matching to settlement, to aid in fail minimization, CSDR eligibility determination, buy-in, and penalty calculation. As a result, stakeholders benefit from increased efficiency and clear, actionable insights, ultimately speeding up resolution times.
Matt Digby, head of Partnerships at AccessFintech, said in a statement: “Our clients are actively looking for data interoperability, leveraging technology to improve efficiency, simplify workflows, and increase collaboration across and between organizations. Through this collaboration, S&P Global Market Intelligence and AccessFintech are providing industry-leading advances in the post-trade process. Having a data and workflow normalization and collaboration strategy is critical, particularly as the industry adapts to CSDR regulation and the move to T+1 settlement.”