Recent News

Cassini Systems Secures $20.5 Million Growth Round Led by Ten Coves Capital

12.9.2021

December 9, 2021 | PRNewswire | LONDON -- Cassini Systems, Ltd, a leading provider of pre- and post-trade margin and collateral analytics for derivatives market participants, today announced it has just completed a $20.5 million growth financing round led by Ten Coves Capital and joined by existing investor, Mosaik Partners. The company will use the proceeds to further accelerate its product development and global market expansion. Regulatory changes enacted after the 2008 global financial crisis continue to drive increased margin requirements and collateral demand for investment managers trading in over-the-counter (OTC) derivatives, futures, options and related products. The Cassini fully integrated platform enables asset managers to assess and optimize the liquidity and carry cost of their diverse trading strategies across the trade lifecycle from pre-trade, to intra-day to post-trade. These tools allow firms to achieve large cost savings while improving resilience to collateral stress. "This financing is a crucial next step as ...

State Street Collateral+ Delivers New Analytics and Optimization Capabilities in Partnership with Cassini Systems

11.22.2021

November 22, 2021 | businesswire.com | BOSTON & LONDON & HONG KONG -- State Street Corporation (NYSE:STT) announced today it has added market leading pre-and post-trade optimization and margin analytics capabilities to its Collateral+ service. In partnership with Cassini Systems, the leading provider of pre- and post-trade margin and collateral analytics for derivatives market participants, Collateral+ now offers an integrated, modular approach to optimization, which addresses collateral efficiency from multiple angles. First, it integrates collateral and funding impact into the front-office decision strategy ahead of the trades being placed. Through the addition of Cassini’s technology, Collateral+ can optimize margin and carry cost impact, providing the best trade route by identifying all possible ways to execute and clear the trade and highlighting the lowest cost. Collateral+ can also offer margin optimization as a post-trade utility with tools such as novation and compression to lower margin and funding requirements. Another module provides ...

Boost Payment Solutions and Mastercard Announce a Global Partnership to Expand the Use and Acceptance of Commercial Cards

11.3.2021

November 3, 2021 | businesswire.com | NEW YORK -- Boost Payment Solutions, Inc., the leader in optimizing the use and acceptance of commercial cards, announced today a strategic global partnership with Mastercard to create tailored and scalable strategies to accelerate and expand the use of commercial card products. The partnership’s initial focus will be seven key markets – the United States, Canada, Mexico, Brazil, Western Europe, United Kingdom and Australia. Business-to-business (B2B) spending is believed to exceed $125 trillion worldwide. Today much of this spend remains entrenched in antiquated methods, with invoices in many regions of the world still being manually processed and reconciled. B2B payment providers, such as Boost, deliver automated, efficient, and lower-cost solutions for companies and their suppliers, which has already resulted in tens of billions of dollars of business-to-business payments having been converted to commercial card products. This alliance is expected to support the acceleration of ...

Broadridge Upgrades International Post-Trade Client Onboarding Using PeerNova’s Data Quality SaaS Platform

11.2.2021

November 2, 2021 | PRNewsiwire | SAN JOSE, Calif. -- Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, has deployed PeerNova’s Cuneiform® Platform to streamline its customer onboarding process when implementing its international post-trade processing solution. Broadridge has a well-established track record of prioritizing client experience and implementing effective technologies to place its customers first. With the Cuneiform® SaaS Platform now in production, Broadridge is continuously monitoring and managing its data quality across internal and external client data sources. The platform quickly identifies, prioritizes, and resolves data quality challenges, and delivers data quality and business impact scorecards across the customer onboarding workflow. “Today, more than ever, high-quality data is a critical ingredient that can help avoid unnecessary complexity when onboarding new customers. Broadridge continues to invest and innovate to ensure a complete, efficient, and well-controlled migration process,” said Danny Green, Head of Post-Trade Processing, Broadridge International. “Using the Cuneiform ...

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