Meritsoft reveals new platform for post-trade automation
18 October 2023 UK
Image: Linus/stock.adobe.com
Meritsoft has launched a next-generation technology platform for process automation capabilities.
The platform is designed to support firms’ post-trade processing requirements including fails management, financial transaction taxes (FTTs), Central Securities Depositories Regulation (CSDR) penalty management and claims management.
In addition, the firm says the platform will deliver greater operational efficiency gains and cost optimisation opportunities.
Data generated by the platform can be interrogated by machine learning engines and artificial intelligence tools to enable predictive analytics and improve overall performance, according to Meritsoft, which is owned by New Jersey-based IT and consulting company Cognizant.
Commenting on the news, Meritsoft CEO Daniel Carpenter says: “We have channelled our experience of delivering automated post-trade solutions into this new technology platform to deliver our most comprehensive and holistic solution to date.
“With capital markets participants facing an increasing number of challenges, such as shorter settlement cycles, rising interest rates and an increase in interest claims, and transaction tax implementations, it is important that institutions are armed with innovative and scalable technology to stay abreast of fast-moving markets, evolving regulatory requirements and client preferences.”
The platform is designed to support firms’ post-trade processing requirements including fails management, financial transaction taxes (FTTs), Central Securities Depositories Regulation (CSDR) penalty management and claims management.
In addition, the firm says the platform will deliver greater operational efficiency gains and cost optimisation opportunities.
Data generated by the platform can be interrogated by machine learning engines and artificial intelligence tools to enable predictive analytics and improve overall performance, according to Meritsoft, which is owned by New Jersey-based IT and consulting company Cognizant.
Commenting on the news, Meritsoft CEO Daniel Carpenter says: “We have channelled our experience of delivering automated post-trade solutions into this new technology platform to deliver our most comprehensive and holistic solution to date.
“With capital markets participants facing an increasing number of challenges, such as shorter settlement cycles, rising interest rates and an increase in interest claims, and transaction tax implementations, it is important that institutions are armed with innovative and scalable technology to stay abreast of fast-moving markets, evolving regulatory requirements and client preferences.”
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