Avaloq and Comyno have effectively introduced a pre-integrated securities financing solution that provides improved risk management, better access to liquidity, and thorough overviews of collateral inventories.

The new solution helps businesses meet their security requirements and expands access to the securities lending market. It has been fully incorporated into the Avaloq platform. Investment firms, such as Vontobel, have expressed a great deal of interest in it.

Its goals are to ease compliance with the Uncleared Margin Rules (UMR) and Securities Financing Transaction Regulation (SFTR) and to establish a streamlined financial market with better liquidity availability.

This solution was introduced by Avaloq as a collaborative effort with Comyno, a software expert in the securities finance industry with headquarters in Frankfurt.

Comyno’s C-One multi-entity platform creates vast asset pools across many financial institutions, facilitating easy access to liquidity. It offers integrated processes for securities lending requests, discussions, and direct integration into the Avaloq platform, allowing firms to initiate trades with one other directly.

In order to meet SFTR and UMR standards, the fresh approach will provide comprehensive and accurate information on collateral valuation, including daily fluctuation data.

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Under SFTR, it will allow participants to record transactions, including securities lending, repurchase agreements, and related collateral, to trade repositories approved by the European Securities and Markets Authority (ESMA).

Moreover, to help businesses meet their initial margin requirements while adhering to UMR, the solution will also compute margin exposure and adjustments to collateral valuation.

Avaloq provides standardised connectivity to its core system for seamless order processing, lifecycle management, and integrated reporting, which is enhanced by Comyno’s intuitive user experience and interaction models. 

Martin Greweldinger, group chief executive officer at Avaloq, said: “For over 15 years, we have supported Vontobel with core banking technology on Avaloq cloud, banking operations outsourcing based on business processes as a service, and now with the development in securities financing together with Comyno. With this project, we are helping to create an even more stable and liquid financial marketplace while ensuring that our clients comply with regulations across multiple jurisdictions. We are proud of our commitment to innovation, investing 25% of our annual software revenue into research and development. We are also firmly committed to our role as an orchestrator of the financial ecosystem, with an extensive network of specialised partners such as Comyno.”

Frank Becker, COO, and head of sales at Comyno, added: “Comyno is pleased to partner with Avaloq on this forward-thinking securities financing solution. Our expertise in crafting intuitive software solutions for the securities finance market, especially with our C-One platform, aligns perfectly with the project’s goal to foster a more interconnected and liquid financial ecosystem. This collaboration highlights the strength of Avaloq’s robust core banking platform in tandem with our C-One frontend, forming an exemplary union that promises to redefine the market’s infrastructure and operational efficacy.”