FIS Launches Automated Matching Platform for Securities Finance Trades in UK
Portfolio Pulse from Benzinga Newsdesk
FIS (NYSE:FIS) has launched a new automated matching platform for securities finance trades in the UK, aimed at increasing efficiency and reducing costs for lenders and borrowers. The platform uses smart automated matching technology to enhance risk management and mitigate single-point-of-failure risk. The solution is part of the FIS Securities Finance and Collateral Management product suite and is expected to expand into EU and U.S. markets.
July 17, 2024 | 7:02 am
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FIS has launched a new automated matching platform for securities finance trades in the UK, aimed at increasing efficiency and reducing costs for lenders and borrowers. The platform is expected to expand into EU and U.S. markets.
The launch of the new platform is likely to positively impact FIS's stock price in the short term due to its potential to increase efficiency and reduce costs for clients, thereby attracting more business. The planned expansion into EU and U.S. markets further adds to the growth potential.
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