Partnership delivers streamlined processes, enhancing control and task automation for the financial services industry to bring greater scalability to prime service businesses
Synergy by AccessFintech, the network driven by data and intelligence, announced a partnership with Nuvo Prime, a leading provider of Prime Services SaaS solutions for large and medium-sized financial institutions globally. The collaboration aims to bring greater operational and capital efficiency to prime and securities market participants by transforming trade lifecycle management and post-trade workflows.
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Synergy enables real-time data capture and transformation across a wide range of asset classes, including securities, derivatives and alternatives. With an API-first design, AI-driven insights and seamless interoperability, Synergy offers financial institutions the flexibility and scale needed to modernize their infrastructure and workflows.
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Through this partnership, Synergy and Nuvo Prime will deliver an integrated solution for swap providers, connecting Nuvo Prime’s unified prime finance platform – which supports both equity swaps and cash trading workflows – with the Synergy network. The result is a more efficient and scalable prime solution, underpinned by automated processes and real-time alignment of accruals and cash flows.
By introducing a daily alignment of accruals and cash flows, this collaboration provides a scalable prime solution that solves for the complexities of equity swaps trading. Built on cloud-native technology and driven by both organizations’ deep industry expertise, the partnership leverages Nuvo Prime’s platform and Synergy’s extensive data collaboration network to streamline swaps lifecycle management, enabling clients to reinvest resources in other areas and more efficiently scale their prime business.
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“The team at Nuvo Prime brings expertise across both banking and technology, having built and managed trading platforms, developed Synthetic and Cash Prime Brokerage products, and led business lines end to end,” said Fabrice Carrier, Head of Derivatives Services at AccessFintech. “Together with Synergy the integrated service will help prime market participants to reduce risk and further scale their business through improved post-trade processes.”
“In the highly regulated and complex world of synthetic equity trading, financial institutions must transform and streamline their processes and operations while carefully controlling risk,” said James Cunningham, General Counsel at Nuvo Prime. “Central to that effort is rigorous and effective management of high-volume trades and associated workflows. We are pleased to be working with Synergy, to support our clients’ needs for more efficient matching processes with their customers.”
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Source: prnewswire
