Fusion Confirmation Matching Service

Create a vendor selection project & run comparison reports
Click to express your interest in this report
Indication of coverage against your requirements
A subscription is required to activate this feature. Contact us for more info.
Celent have reviewed this profile and believe it to be accurate.

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

Product/Service details

User Suitability (Capital Markets & Investment Mgmt)
Asset Managers, Trading firms, Wealth Managers
Geographic Availability
Africa, Asia-Pacific, Europe, Middle East, North America, South America
Asset Class Coverage
Equities