Wematch launches TRS Cash Flow Management solution
11 September 2024 US
Image: Cagkan/stock.adobe.com
Wematch has launched its TRS Cash Flow Management product in North America, which is now fully operational across all regions, markets, and currencies.
The module has been developed with input from client partnerships, the firm says, to enable regional product variations for the specific needs of different markets.
Ben Cullen, senior product manager at Wematch, says: “We’re proud to offer a solution that automates cash flow reconciliation and trade capture, helping institutions mitigate risk and improve operational efficiency.
“It’s been exciting to see the product gain traction with notional balances reaching record highs of US$173 billion and a 75 per cent increase in onboarded clients.”
Edward Hochstadter Jr., CEO of Wematch, adds: “We understand the complexities of TRS and securities lending, and our product is designed to empower clients to manage these processes across borders, with the confidence that their trades are reconciled in real-time.”
The module has been developed with input from client partnerships, the firm says, to enable regional product variations for the specific needs of different markets.
Ben Cullen, senior product manager at Wematch, says: “We’re proud to offer a solution that automates cash flow reconciliation and trade capture, helping institutions mitigate risk and improve operational efficiency.
“It’s been exciting to see the product gain traction with notional balances reaching record highs of US$173 billion and a 75 per cent increase in onboarded clients.”
Edward Hochstadter Jr., CEO of Wematch, adds: “We understand the complexities of TRS and securities lending, and our product is designed to empower clients to manage these processes across borders, with the confidence that their trades are reconciled in real-time.”
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