Following the two firms’ collaborative effort on the Securities Financing Transaction Regulation solution, the new reporting solution will assist clients to meet the Securities and Exchange Commission’s incoming 10c-1a requirements
The round includes contributions from existing shareholders such as BNP Paribas, BNY Mellon, Citigroup, Deutsche Börse Group, Goldman Sachs and J.P. Morgan
This second testing phase has extended the project coverage to include a more complex set of use cases, employing Swift’s solution to support transactions across simulated digital transactions, tokenised assets and foreign exchange networks
The upgrade will provide hedge fund and private markets clients with enhanced user experience, increased ease of remote access and more robust security, says the firm
