Financial technology and operational solutions provider Matrix Applications has launched Transparence, a back-office processing solution for equity finance operations.
The solution is designed to address challenges facing financial firms — notably firms that want to expand into stock loan and which require the expertise or technology to build out the operational support to sustain this business.
It aims to enhance transparency around lending rates and allow firms to generate a new revenue line without having to hire additional personnel to support it.
Features of Transparence are tailored to streamline stock loan transactions, including front-office management tools, automated borrows and loans, as well as real-time interaction for settlement and clearance.
The solution offers advanced automation to reduce manual intervention from existing operational personnel at the firm, industry guidance and risk management.
Commenting on the news, Anthony Venditti, head of strategic initiatives and sales at South Street Securities Holdings, adds: “Transparence solves many challenges faced by the securities lending industry, empowering market players to automate, manage risk and grow their business with confidence.”
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