Correspondent/Clearing
True multi-client operations supporting secure segregation of client data while maximising efficiency from common operations and services
The Syn
correspondent clearing solution set is made up of:
Customer focus
Specialist clearers
Global investment banks
Custodians
Solutions are suitable for both outsourcing and insourcing
Benefits
True secure and efficient multi-client operations
Individually personalised menu of service per client
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Driven by a single transaction engine
Scalability on a low-cost IT infrastructure
Challenges and solutions
Undoubtedly, attracting and retaining customers, maintaining a tight rein on IT and operational costs without sacrificing the ability to scale-up rapidly in response to demand, are some of the challenges that correspondent clearers seek to overcome.
Syn correspondent clearing solutions are designed to support true multi-client operations where individual data is securely segregated client to client and efficiencies can be maximised for operations that are common across clients.
Competition is always strong and for many, driving the highest levels of customer service is the goal and best path to winning and retaining client business.
Syn solutions support the rapid and cost-effective configuration of personalised services for individual clients, enabling you to deliver a menu of service, unique to each client. Syn’s ability to scale and deliver high performance from a small IT footprint contribute significantly to the correspondent clearers’ need to manage costs, attract and retain customers.
Featured customer
Penson Financial Services Ltd (PFSL)
Alan Philpot, CEO
"We are proud to have introduced our new STARS institutional platform which is underpinned by Syn~. STARS is designed to help institutional clients which outsource their Model A or fully disclosed clearing to Penson and is flexible and adaptable to their individual requirements. We look forward to signing up more institutional clients to our STARS platform and introducing a new technology platform for our retail clients later this year."