ICMA’s Ops FinTech Working Group (WG), a subgroup of the European Repo and Collateral Council (ERCC) of the International Capital Market Association, has published today a mapping directory of over 80 technology solutions available for repo and cash bond operations. The directory is divided into 10 categories including collateral management, exposure agreements and reconciliations. It provides information on how each solution can be used, for example at which stage of the trade lifecycle, whether for cleared or uncleared transactions and where the solution sits within the IT infrastructure.
The ICMA Ops FinTech mapping directory compares the capabilities of different providers and seeks to create greater transparency in a very dynamic and fluid market. It focuses on providers and solutions that are used by WG members, and is intended to be a living document. All responses in the mapping have been put together in close collaboration with the vendors and validated by them. The document can be accessed by ICMA member firms and the public on ICMA’s website.
The FinTech mapping spans the following categories:
- Collateral management (Lifecycle)
- Collateral management (Margin)
- Corporate actions
- Exposure agreement
- Intraday liquidity: monitoring and reporting
- KYC onboarding
- Matching, confirmation & allocation
- Static Data & Standard Settlement Instructions (SSI)
- Workflow & communication
Over the course of the mapping exercise, a growing number of technology solutions was identified across the aforementioned categories. Whilst the mapping directory covers over 80 technology solutions in total, it does not constitute an exhaustive list of providers in the market. It will be updated on a regular basis to include other existing or new solutions.