AccessFintech’ Synergy Network enables optimization of cross organization processes. Achieved through collaboration, the use of data, workflow and shared technology access. By enabling users to collaborate in our industry DataLake, it drives the uses of technology to transform operations to simplify and speed workflows, reduce liquidity risk, and provide valuable benchmarking insights across the financial ecosystem.
At its core is the AccessFintech Synergy Network, a modern and secure collaboration network that facilitates 3 key capabilities across the financial ecosystem: data collaboration at scale with more visibility into transaction data and access to benchmarking insights. Workflow optimization to speed and simplify transactions through digital automation, resolution and decision-making in one place. And technology distribution providing connectivity to new technologies and reducing the cost of ownership for all. The company has a self-service ethos, where risk is mutualized, and there is better, more enlightened decision making across organizations and functions. AccessFintech’s Synergy Network is built with leading financial institutions with a critical mass of data, participants and solutions where more than a billion transactions are now being processed every month on the network.
The Paris-based banking group indicates that this investment will help it to bring the latest technology, data and workflow tools to clients in an effort to shorten settlement cycle, manage collateral requirements and reduce transaction costs
With America's successful T+1 transition now complete, what insights can Europe and the UK draw for their forthcoming implementations? Pardeep Cassells, head of client experience at AccessFintech, explores the lessons learned and their implications
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