Pirum announced it’s gone live with its latest innovation: a global and interoperable recalls service, which streamlines and automates the entire end-to-end recall workflow. It delivers significant efficiencies and assists with compliance ahead of T+1 regulation in the US, Canada and Mexico – thereby offering a significant return on investment (ROI).
With the increasing complexity and time criticality of the recall process, Pirum’s solution transforms the recall management process by digitizing, reducing latency and minimizing operational costs. Pirum launched the product at its recent design partnership groups in London, New York and Boston, attended by over twenty global financial institutions.
Phil Morgan CEO said in a statement: “This is the most recent milestone of our initiative to automate the complete securities finance workflow and is to be closely followed by further future tech and AI enabled launches – so stay tuned!”