Trading Apps and Credit Benchmark collaborate on same-day efficiency
21 January 2025 UK
Image: Konstiantyn_Zapylaie/stock.adobe.com
Trading Apps and Credit Benchmark have joined forces to transform agent lending disclosures (ALD), know-your-client (KYC) processes, and client onboarding.
Using Trading Apps’ TA.Link messaging platform and Credit Benchmark’s data service, this strategic partnership aims to bring speed, efficiency, and information to the securities finance industry.
The vision is to shift ALD processes from overnight methods to same-day operations to reduce risk, minimise errors, and accelerate workflows for securities finance professionals.
By integrating its Credit Consensus Ratings into a streamlined workflow, Credit Benchmark aims to enable users to accelerate client onboarding, identify reduced risk-weighted asset (RWA) opportunities, and enhance market profitability through automation and simplicity.
Matthew Harrison, CEO of Trading Apps, comments: “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.”
Mark Faulkner, co-founder of Credit Benchmark, adds: “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.”
Using Trading Apps’ TA.Link messaging platform and Credit Benchmark’s data service, this strategic partnership aims to bring speed, efficiency, and information to the securities finance industry.
The vision is to shift ALD processes from overnight methods to same-day operations to reduce risk, minimise errors, and accelerate workflows for securities finance professionals.
By integrating its Credit Consensus Ratings into a streamlined workflow, Credit Benchmark aims to enable users to accelerate client onboarding, identify reduced risk-weighted asset (RWA) opportunities, and enhance market profitability through automation and simplicity.
Matthew Harrison, CEO of Trading Apps, comments: “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.”
Mark Faulkner, co-founder of Credit Benchmark, adds: “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.”
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