Fusion Confirmation Matching Service
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This feature is upgradeable
For Users
You can activate this feature with a VendorMatch Premium subscription.
Please click here for more information on Premium services
For Vendors
Vendors can upgrade to VendorMatch PRO
Please click here for more information
Ask an Analyst
Ask an analyst is the ability to communicate with one of our analysts about this vendor, system or genre of solution.
Survey Summary
The Survey Summary provides a full download of the vendor profile, the solution profile and all survey response information uploaded by the vendor in connection with their VendorMatch directory listing. Note that the directory listing requires only check box responses where the RFX response is more comprehensive.
To learn more about subscribing to our service options, please contact us here
Overview
Fusion Confirmation Matching Service
Better performance, right now - automatic trade confirmation matching offers an instant, low-cost route to better performance.
Moving on from manual confirmation
Despite huge progress in recent years, many trades are still confirmed manually. Slow and prone to error, manual confirmations expose both sides of the trade to risk, especially when the period between trade date and confirmation can extend to days or even weeks.
On the sell-side, a stricter regulatory framework has increased the need for fast electronic confirmations with the corporate and fund management communities. EMIR, Dodd-Frank and other international regulations have all increased the need for automation.
And on the buy-side, “management by exception” and customized reporting, payment netting and third-party notifications are the expected norm. A strong focus on regulatory compliance is driving the need for solid, secure systems that are certified to SSAE16 and ISAE3402.
Choose the market leader
The leading solution on the market, Fusion Confirmation Matching Service automates trade confirmations between SWIFT and non-SWIFT counterparties in real time, removing operational risk and increasing automation and efficiency for corporate treasurers and fund managers.
Work with one of SWIFT’s largest non-bank members
You can automatically forward matched trades to our confirmation matching system to be enriched and delivered to Trade Repositories. Eight million trade confirmation matches are made on the system each year – Finastra is one of the largest non-bank SWIFT members.
Key Features
- A Single Window for Confirmation Management - Software-as-a-Service (SaaS) solution provides the widest support for treasury and capital markets instruments on the market.
- Risk Mitigation - confirmations can be matched and archived, or red flagged, within a few minutes of the deal being done.
- Minimizes IT investment with the SaaS approach
- Security and Compliance - SSAE16 and ISAE3402 audit. The system is hosted in a state-of-the-art data center, which is replicated in a disaster recovery site.
- A single view of trade confirmation flows, the system enables you to access timely and accurate netting information, custodial/CLS notifications and customized reporting.
- Automates the confirmation process between SWIFT and non-SWIFT counterparties, offering unprecedented functionality across a broad spectrum of instruments and counterparties.
Key Benefits
With over 20 years experience Finastra supports companies to automate treasury tasks to significantly enhance STP and eliminate manual processing and errors.
- De-risk trade confirmations
- Enhance STP and eliminate manual processing and errors
- A single window to automate treasury confirmations between banks and commercial clients
- Automate confirmation between SWIFT and non-SWIFT counterparties
