Avaloq & Comyno team up to launch securities financing solution

By Gloria Methri

Avaloq has joined forces with Comyno to launch a pre-integrated securities financing solution, offering comprehensive collateral inventory overviews, easier access to liquidity and enhanced risk management.

The new solution, fully integrated into the Avaloq platform, broadens access to securities lending business and helps firms fulfil their collateralization requirements.

Many investment firms, including Vontobel, back the solution. It aims to create an interconnected financial market, improve access to liquidity, and simplify compliance with Securities Financing Transaction Regulation (SFTR) and Uncleared Margin Rules (UMR).

Avaloq launched this solution as part of a joint innovation project with Comyno, a Frankfurt-based software specialist in the securities finance business. Comyno’s multi-entity software C-One offers seamless access to liquidity by creating large asset pools across different financial institutions.

The new solution will deliver detailed and timely reporting on collateral valuation, including daily fluctuation data, which is essential for meeting SFTR and UMR requirements. It will enable counterparties to report transactions such as repurchase agreements, securities lending and related collateral to trade repositories that are recognized by the European Securities and Markets Authority (ESMA).

Avaloq ensures standardized connectivity with its core platform for efficient order processing, lifecycle management and integrated reporting, complemented 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.”

Frank Becker, COO and Head of Sales at Comyno, said, “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.”