Against the backdrop of highly fragmented systems for trading and reference data management, FM Converge proposes a data platform and trade store, from where banks can drive their processing operations. Its modern design allows for rapid integration and validation of reference and market data, enrichment and facilitates automated processing.
Moreover, for banks engaged in asset servicing, the forthcoming Target2 and CSD-R European regulations will blur the separation of securities processing and payments, resulting in much lighter infrastructure and converging toward the single ISO 20022 standard. FM Converge is ready for those new standards and provides the agility necessary to go through these deep changes.
Furthermore, the adoption of Distributed Ledger Technology for post-trade security processing, which makes debut in Asia-Pacific and Europe, will require a fast adaptation to the new workflow for settlement, payment and validations. FM Converge enable such migration with minimum effort and impact on the IT architecture.