Pirum has launched a global and interoperable recalls service to streamline and automate workflows for T+1 compliance.
The solution, named Recalls, assists with compliance ahead of T+1 regulation in the US and Canada in an effort to offer return on investment.
The solution carries out recall management processes by digitising, reducing latency and minimising operational costs, says Pirum.
Pirum launched the product at its recent design partnership groups in London, New York and Boston. It will also be available to the Mexican market.
Phil Morgan, CEO of Pirum, says: “This is the most recent milestone of our initiative to automate the complete securities finance workflow and is to be closely followed by further future technology and AI enabled launches – so stay tuned!”
