Avaloq and Comyno launch securities financing solution
11 June 2024 Germany
Image: Monster Ztudio/stock.adobe.com
Avaloq and Comyno have launched a pre-integrated securities financing solution with an aim to offer comprehensive collateral inventory overviews, easier access to liquidity and enhanced risk management.
The company says the new solution, integrated into the Avaloq platform, broadens access to securities lending business and helps firms fulfil their collateralisation requirements, aiming to create an interconnected financial market and improve access to liquidity, while simplifying compliance with Securities Financing Transaction Regulation (SFTR) and Uncleared Margin Rules (UMR).
The solution aims to deliver detailed and timely reporting on collateral valuation, including daily fluctuation data which is crucial for meeting SFTR and UMR requirements.
Martin Greweldinger, Group CEO at Avaloq, says: “With this project, we are helping to create an even more stable and liquid financial marketplace while ensuring that our clients comply with regulations across multiple jurisdictions.
“We are proud of our commitment to innovation, investing 25 per cent of our annual software revenue into research and development. We are firmly committed to our role as an orchestrator of the financial ecosystem, with an extensive network of specialised partners such as Comyno.”
Frank Becker, COO head of Sales at Comyno, comments: “Comyno is pleased to partner with Avaloq on this forward thinking securities financing solution. Our expertise in crafting intuitive software solutions for the securities finance market, especially with our C-ONE platform, aligns perfectly with the project's goal to foster a more interconnected and liquid financial ecosystem.”
The company says the new solution, integrated into the Avaloq platform, broadens access to securities lending business and helps firms fulfil their collateralisation requirements, aiming to create an interconnected financial market and improve access to liquidity, while simplifying compliance with Securities Financing Transaction Regulation (SFTR) and Uncleared Margin Rules (UMR).
The solution aims to deliver detailed and timely reporting on collateral valuation, including daily fluctuation data which is crucial for meeting SFTR and UMR requirements.
Martin Greweldinger, Group CEO at Avaloq, says: “With this project, we are helping to create an even more stable and liquid financial marketplace while ensuring that our clients comply with regulations across multiple jurisdictions.
“We are proud of our commitment to innovation, investing 25 per cent of our annual software revenue into research and development. We are firmly committed to our role as an orchestrator of the financial ecosystem, with an extensive network of specialised partners such as Comyno.”
Frank Becker, COO head of Sales at Comyno, comments: “Comyno is pleased to partner with Avaloq on this forward thinking securities financing solution. Our expertise in crafting intuitive software solutions for the securities finance market, especially with our C-ONE platform, aligns perfectly with the project's goal to foster a more interconnected and liquid financial ecosystem.”
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