S&P Global Market Intelligence integrates Onboarding Accelerator tool into its securities finance platform
14 September 2022 US
Image: Murrstock
S&P Global Market Intelligence (S&P), a division of S&P Global and provider of information services, has introduced the Onboarding Accelerator tool into its securities finance platform.
The automated solution is designed to overcome the inefficiencies of the legacy and manual processes, currently faced by borrowers and lenders when onboarding new lenders and accounts.
The new tool will automate the process, allowing for improved transparency and efficiency, S&P Global Market Intelligence says.
The tool offers several features, including controls and standards, as well as portfolio assessment reports that identifies potential lending revenues and asset qualities in a portfolio.
The Portfolio Assessment Report (PAR), a key feature of the new tool, will allow front-office and business management functions to evaluate portfolios and select accounts for prioritisation.
The PAR tool places S&P Global Market Intelligence’s securities finance data into an accessible format, providing key information on a portfolio’s composition and potential value.
The Onboarding Accelerator tool will enable users to specify documentation requirements, request additional data, and raise questions, all within the platform.
It will also enable users with the ability to mask any critical account information from specific front-office functions, and backfill historical accounts to acquire one single source copy of all accounts.
Kabin George, global head of securities finance product management at S&P Global Market Intelligence, says: “The legacy onboarding processes tend to rely on spreadsheets, emails, and phone calls with risks of human errors, miscommunication, and delays.
“The new automated onboarding solution will greatly enhance efficiencies and improve client experience by allowing users to exchange, view, and update documents whilst monitoring the status of the process from initiation through to execution seamlessly.”
The automated solution is designed to overcome the inefficiencies of the legacy and manual processes, currently faced by borrowers and lenders when onboarding new lenders and accounts.
The new tool will automate the process, allowing for improved transparency and efficiency, S&P Global Market Intelligence says.
The tool offers several features, including controls and standards, as well as portfolio assessment reports that identifies potential lending revenues and asset qualities in a portfolio.
The Portfolio Assessment Report (PAR), a key feature of the new tool, will allow front-office and business management functions to evaluate portfolios and select accounts for prioritisation.
The PAR tool places S&P Global Market Intelligence’s securities finance data into an accessible format, providing key information on a portfolio’s composition and potential value.
The Onboarding Accelerator tool will enable users to specify documentation requirements, request additional data, and raise questions, all within the platform.
It will also enable users with the ability to mask any critical account information from specific front-office functions, and backfill historical accounts to acquire one single source copy of all accounts.
Kabin George, global head of securities finance product management at S&P Global Market Intelligence, says: “The legacy onboarding processes tend to rely on spreadsheets, emails, and phone calls with risks of human errors, miscommunication, and delays.
“The new automated onboarding solution will greatly enhance efficiencies and improve client experience by allowing users to exchange, view, and update documents whilst monitoring the status of the process from initiation through to execution seamlessly.”
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