In a video interview, offered in two parts, FTF News spoke with Dave Allen, project manager for the I-STAR/GX offering from Nomura Research Institute (NRI) America, and Larry Zywicki, director for the Beta Platform Interactive Solutions at Refinitiv.
This is the second part of the interview and it focuses on the elimination of manual intervention because of the straight through processing (STP) integration between the NRI and Refinitiv environments. The new automation facilitates “trades coming in, all the way through to settlement,” Allen says.
The integration has the potential to retire many manual processes at many securities firms.
“It’s almost like going back 20 years … when we watch some of these firms have to process this type of business [manually],” Zywicki says. “We’re giving them, I think, more automation than a lot of these firms ever expected they would have.”
Last year, these providers successfully integrated NRI’s I-Star/GX software platform with Refinitiv’s Beta wealth management brokerage processing system.
For the first and second parts of the FTF News video interview, Allen and Zywicki provide insight into why the companies that they represent won the Best New Post-Trade solution award of the FTF News Technology Innovation Awards for 2020.
Voters responded to their story of an ambitious STP integration effort that eliminates many manual and high-touch tasks for end-users. The integration follows a partnership that began in 2018 and focused on end-users that need to keep better track of single-stock records across asset classes and markets.
The first half of the interview was posted last week: Click here to view
In the meantime, here’s a sampling of FTF News coverage of these providers:
• Refinitiv & NRI Complete Link Between Ops Systems
• NRI: Time to Consolidate Those Silos
• Refinitiv Buys Scivantage to Jolt Wealth Management Line
• Bloomberg Shouldn’t Fear LSE Refinitiv-Deal: Q&A