Trading Apps is plugging into Credit Benchmark data for same-day ALD

Trading Apps and Credit Benchmark are teaming up to improve processes related to agent lending disclosures (ALD), know-your-client (KYC), and client onboarding. This strategic partnership brings unprecedented speed, efficiency, and information to the securities finance industry by leveraging Trading Apps’ TA.Link messaging platform and Credit Benchmark’s trusted data.

For the first time, ALD processes can shift from outdated, overnight methods to seamless same-day operations. This transformation reduces risk, minimizes errors, and accelerates workflows for securities finance professionals.

By integrating Credit Benchmark’s Credit Consensus Ratings into a streamlined workflow, users can accelerate client onboarding, identify reduced risk-weighted asset (RWA) opportunities, and enhance market profitability through automation and simplicity. This collaboration unlocks market potential, increases access to liquidity, and improves the deployment of inventory.

Matthew Harrison, CEO of Trading Apps, said in a statement: “TA.Link is a secure, real-time messaging platform connecting participants across the securities finance ecosystem. It’s the ideal foundation to transform cumbersome ALD processes into an efficient same-day solution. By embedding Credit Benchmark’s industry-accepted data directly into workflows, we’re simplifying KYC, speeding up onboarding, and helping firms unlock higher efficiency and profitability. This collaboration makes a significant leap toward an automated, risk-reduced future for our clients.”

Mark Faulkner, co-founder of Credit Benchmark, said in a statement: “Our Consensus Credit Ratings and Analytics are becoming essential for in-business counterparty risk management across prime brokerage, agency securities lending, and peer-to-peer models. The integration with TA.Link provides a secure, efficient method to deliver our data where it matters most: directly into client workflows. The early feedback from customers has been overwhelmingly positive. Partnering with Trading Apps underscores our shared mission to solve longstanding ALD, KYC, and onboarding inefficiencies once and for all.”

Source

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