Avaloq and Comyno have embarked on a significant partnership by launching a pre-integrated securities financing solution.
Together, they have introduced a solution that not only broadens access to the securities lending business but also enhances firms’ ability to meet their collateralization requirements.
The partnership stems from a shared vision to improve the infrastructure and operations within the financial markets. The collaboration focuses on offering comprehensive collateral inventory overviews, which are crucial for better liquidity access and risk management.
Avaloq is well-known for its robust platform that integrates seamlessly with various financial services, providing advanced order processing, lifecycle management, and reporting capabilities. Comyno distinguishes itself with its multi-entity software C-One, which facilitates large asset pools and direct trade initiations among financial institutions, enhancing liquidity and compliance processes.
Martin Greweldinger, Group Chief Executive Officer at Avaloq, commented on the initiative: “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 specialized partners such as Comyno.”
Frank Becker, COO and Head of Sales at Comyno, also expressed his enthusiasm: “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.”
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