Transcend rolls out collateral eligibility and analytics platform
The platform will feature connectivity to tri-party agents, CCPs, and central banks, and can be integrated with each client’s internal systems.
The platform will feature connectivity to tri-party agents, CCPs, and central banks, and can be integrated with each client’s internal systems.
Bimal Kadikar spent some 20 years with Citi, becoming global head of prime finance, futures & OTC clearing technology, before setting up Transcend Street Solutions in 2013. He discusses with Global Custodian the challenge of optimising collateral use across the enterprise and integrating ESG criteria into collateral management.
Firm claims to be the first technology vendor to systematically integrate ESG data into collateral management processes.
Transcend aims to use the new funding to rapidly scale product and sales infrastructure for custodian banks and prime brokers.