AccessFintech

Glasgow

Access Fintech uses technology to evolve the financial industry operating model. Our aim is to transform the model to drive control, transparency, efficiency and collaboration across the whole ecosystem. We believe in the value of a self-service ethos, where risk is mutualized, and there is better, more enlightened decision making across organizations and functions.

We were founded in 2016 by a team of financial industry veterans with proven experience, creativity and expertise in driving efficiency and solving problems in the context of the global capital markets.

We have created and operate a unique network of financial industry participants, sharing data and collaborating on exception resolution of trades. The Access Fintech network consists of buy-side, banks, brokers, custodians, fund administrators, trustees, agents and outsourcers. Our exception management tool is used to view and act on data. Our network allows participants to share data securely and collaborate efficiently and safely.

 

Our capability enables full lifecycle management of all trade exceptions. By aggregating, normalizing, enriching and publishing data from any source and in any format, we give a clear view of discrepancies. Clients can gain insight into all outstanding risk via an industry-agnostic cloud platform, enabling them to take appropriate decisions, in real time.

 

It allows users to categorize exceptions in terms of their risk, assign them to users, collaborate with external stakeholders and action resolution, all from the same UI with an auditable investigation toolset.

 

Our AFT VendorLake allows the sharing of data in an overall ecosystem. It delivers combined data access and workflow solutions by connecting organisations to multiple vendors via a single gateway whilst sitting above their own technology. They can access these solutions and data via AFT VendorLake or AFT Gateway, which enables API management for standalone vendors and utilities, reducing time for new vendor onboarding, managing data distribution rights and permissions. It also mitigates the cost of API management.

 

The AFT VendorLake gives access to vendor and utilities solutions in the AFTCloud under one commercial and legal framework. Within AFT Cloud, we enable vendors to host their solutions as micro services, delivering the additional vendor packages under the same commercial framework already in place with Access Fintech.

Our product suite covers solutions such as CSDR, Settlements, Derivatives Payment Affirmation, Cash Wires, Supply Chain Management, Inventory Stock Record and Repo Confirmation. We have other solutions underway such as solutions such as Loans, ABOR / IBOR Reconciliation, Financial Crime, ETD Settlements and Regulatory Reporting.

We were founded in 2016 by a team of financial industry veterans, Roy Saadon and Steve Fazio, both with proven experience, creativity and expertise in driving efficiency and solving problems in the context of the global capital markets.

We have created and operate a unique network of financial industry participants, sharing data and collaborating on exception resolution of trades. The Access Fintech network consists of buy-side, banks, brokers, custodians, fund administrators, trustees, agents and outsourcers. Our exception management tool is used to view and act on data. Our network allows participants to share data securely and collaborate efficiently and safely.

 

Since launch, AccessFintech has already gone live with 5 financial products and is in proof-of-concept or live testing with another 11 products. The collaboration ecosystem has the participation of many of the leading global banks and broker-dealers, custodians, asset managers and has created workflow partnerships with industry vendors and peers.

 

We recently announced the successful completion of its Series B round of $20 million, led by Dawn Capital. They join existing investors J.P. Morgan, Citi and Goldman Sachs who contributed to the round, and Deutsche Bank who has participated for the first time. It brings the total capital raised to date to $37 million since 2018. AccessFintech will use the proceeds of the investment to fuel the next stage of its development, to accelerate product innovation, and to continue its go-to market expansion and extend its partner ecosystem.

AccessFintech Executive Team

 

Roy Saadon

CEO, co founder

 

Steve Fazio

CPO, co founder

 

Boaz Zilberman

EVP Business Development

 

Rami Kachlon

EVP Engineering

Overview

  • Funding Stage Series B
  • Trading for 1-5 years
  • Employees 51-99
  • Sector Data/Analytics
  • Valuation N/A

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