The Securities Services business will use Confluence’s solution to enhance the operational efficiency of its private capital services and automate financial reporting processes
The companies say the successful collaboration demonstrates greater efficiency in bringing liquidity and risk reduction to US and European financial markets
The transaction took place between UBS and Swiss Re in February, where UBS borrowed cash from Swiss Re while delivering collateral through BNY's platform
The company now aims to slowly proceed with acquiring the remaining 51 per cent of Inversis, a provider of investment technology solutions based in Spain
