Digital Transformation | Post Trade
Written by Frederik van Malderen
Mar 1, 2022
+++ Post trade digitalization solution increases flexibility and additional security to capital markets businesses.
+++ Co-innovation process between LPA and Commerzbank to create “Capmatix Post-Trade”; Commerzbank will be first customer.
LPA , the capital market technology (CapTech) and innovation leader, today announced it has launched Capmatix Post-Trade, a new post trade digitalization solution, developed to help banks drive significant agility and efficiencies through automation.
The cloud-based system will further automate back-office processes, with technology allowing for scalability and flexibility in post trade businesses and facilitate faster time-to-market for new products. Through the new solution, data, IT structures and workflows from previously separate systems will now all converge and flow via Capmatix Post-Trade.
The result of an 18-month collaboration between Commerzbank and LPA , the new solution covers the processing of interest rate, commodity, credit, equity and FX derivatives. The solution aims to transform back office processes in banks’ capital market businesses servicing corporate clients, by allowing critical processes to be controlled holistically, and adjusted if necessary. By using the solution as co-collaborator and first customer, Commerzbank will benefit from faster time-to-market for new products and further improve customer service.
For all banks, the new solution will perform confirmation, affirmation and payment message generation, settlement netting & processing, matching and reconciliation, exception management and full reporting while specifically addressing areas that previously required manual processing, such as handling and processing email and fax-based client communications.
Source: LPA / LHLK – stock.adobe.com (image distribution only permitted in connection with the press release)
Capmatix Post-Trade is an extension to LPA’s existing Capmatix suite of scalable and highly configurable digital process transformation solutions for banks. Capmatix Post-Trade can be used independently from the existing IT infrastructure in the cloud, as well as on local servers, and can be adapted to the individual needs of various financial institutions.
Armin Hasselbach, product owner for post-trade OTC derivative IT applications at Commerzbank: “Through Capmatix Post-Trade, we have been able to take our approach to technology in capital markets to the next level by automating elements of our technology and moving it to the cloud. This will allow us to bring new products to market more quickly, and drive increased competitiveness across our post trade business. It was important for us to work with a reliable partner and to create a genuine innovation that could support our needs in the future. That’s why we collaborated with the LPA Group, a company that has significant experience in the capital markets post trade innovation.”
Stefan Lucht, founder and managing partner at LPA : “Complex IT infrastructures remain a challenge for the financial industry that can stand in the way of innovation – something that can be overcome through the smart use of digitalization. Our goal was to work with Commerzbank to develop a solution that efficiently automates workflows in post trade and reduces complexity across the board. We’re hugely appreciative to Commerzbank’s support and close cooperation throughout this process, meaning we were able to tailor the solution for post trade processes specifically, and optimize the solution to all correct technical requirements right from the start.”
NOTES TO EDITORS
About LPA :
LPA is one of the world’s leading developers and consultants for technology-based capital market solutions (CapTech) for banks, insurance companies and fund providers. The core business of the multi-award-winning group is the CapTech suite, a portfolio of leading technology solutions for automated consultancy, sales and documentation for financial instruments, structured products and OTC derivatives. The products and services of the LPA Group help financial services companies in their capital market activities to automate their necessary advisory and regulatory documentation processes, thereby increasing their efficiency and achieving full compliance. The LPA Group also advises its customers on the strategic planning and implementation of CapTech solutions. At its headquarters in Frankfurt and at ten other international locations including Tel Aviv, London, Zürich, New York, Paris, Barcelona and Singapore, almost 400 technology and capital market experts are now working for a portfolio of international clients.
Commerzbank is a leading international commercial bank with branches and offices in nearly 50 countries. The Bank’s two business segments – Private and Small-Business Customers and Corporate Clients – offer a comprehensive portfolio of financial services precisely tailored to their customers’ needs. Commerzbank transacts approximately 30% of Germany’s foreign trade and is the market leader in German corporate banking. The Bank offers its sector expertise to its corporate clients in Germany and abroad and is a leading provider of capital market products. Its subsidiaries, Comdirect in Germany and mBank in Poland, are two innovative online banks. With approximately 800 branches going forward, Commerzbank has one of the densest branch networks in Germany. The Bank serves around 11.5 million private and small-business customers nationwide and over 70,000 corporate clients, multinationals, financial service providers, and institutional clients worldwide. Its Polish subsidiary mBank S.A. has around 5.7 million private and corporate customers, predominantly in Poland, but also in the Czech Republic and Slovakia. In 2019, Commerzbank generated gross revenues of €8.6 billion with approximately 48,500 employees.
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