Publications
Settlement failures: more common and more costly
Alex Knight, Head of EMEA at Baton Systems, explains next day reconciliations means ops, treasury, business & risk teams are often operating without critical real-time insight. As he highlights, this means “Banks risk continuing to make payments and settlements to a failing counterparty and will be unable to act quickly in times of volatility”
The year of the election – unpredictable events need vigilance at banks
Alex Knight, Head of EMEA at Baton Systems, delves into the challenges of market volatility in response to political events. The article discusses the impact on financial institutions, highlighting the need for proactive risk management strategies amidst uncertainty. Alex emphasises the importance of understanding how political shifts can affect currency values, collateral requirements, and funding dynamics, urging financial institutions to adapt to the evolving landscape to thrive in unpredictable markets.
Night at the FX Desk: A Relic that belongs in the Museum
Baton’s Head of EMEA, Alex Knight, explores the challenges of extended trading hours in the FX market and argues for innovative solutions like DLT to tackle challenges over outdated practices like night shifts.
Baton Systems: BoE’s ambitious wholesale payments plan puts RTGS at “beating heart” of UK financial system
Baton’s Global Head of Product Management, Ravindra Madduri, highlighted the challenges faced by banks in real-time reconciliation due to the diverse array of payment standards across various entities such as banks, payment companies, debtors, creditors, and agent banks.
Citi and JP Morgan vie to extend collateral optimisation to CCPs
Helen Bartholomew discusses how the high rate environment and increasing CCP requirements are driving the need for firms to optimise the composition of collateral posted to CCPs, to look at the opportunity cost of posting cash and execute moves in the most efficient manner. The latter often presenting logistical challenges that native connectivity to CCPs and Custodians, such as that provided by Baton, allows firms to overcome. As Tucker Dona explains it allows us to “provide inputs to help firms make the decision of the optimal security to post out to the CCPs and a simple, consistent way to message the instructions.” via Risk.net
Payment risk: facing the regulators with confidence
Baton’s Head of EMEA, Alex Knight, explains that banks can now effectively supervise and manage payments risk across all business lines – be alerted to and quickly react to changing market conditions by swiftly implementing no code hold rules across all payment functions.
Testing, Testing, 1, 2, 3 – Exploring How AI Accelerates Testing in the Development and Deployment of FinTech Solutions
Learn how Baton Systems using generative AI is improving the efficiency, effectiveness and robustness of our functional testing process. Nikhil Menon explores how AI is enabling our testing team to be more innovative and productive – resulting in the delivery of even more rigorously tested solutions deployed in an expedited time frame.
T+1 deadline brings market misalignment into focus
T+1 deadline brings market misalignment into focus via The Banker
JP Morgan Deploys Baton Systems for Collateral
JP Morgan’s collateral services team is working with post-trade fintech Baton Systems to enable triparty clients to automate the optimisation of collateral to meet margin calls at a range of clearing houses.
JP Morgan and Baton Systems team up to expand CCP coverage for collateral management
JP Morgan’s collateral services unit has collaborated with Baton Systems, by deploying the latter’s Core-Collateral solution to enable tri-party clients to automate the optimisation of collateral to meet margin calls at a range of CCPs.