LPA Group Launches New Post-trade Digitalization Solution 'Capmatix Post-Trade'

LPA Group, a pioneer in capital market technology (CapTech), announced on Wednesday that it has launched Capmatix Post-Trade, a new post trade digitalization solution developed to help banks drive significant agility and efficiencies through automation.

The cloud-based system will further automate back-office processes, with technology allowing for scalability and flexibility in post trade businesses and facilitate faster time-to-market for new products. Data, IT structures and workflows from previously separate systems will now all converge and flow via Capmatix Post-Trade.

The new solution is a result of an 18-month collaboration between Commerzbank and LPA Group and it covers the processing of interest rate, commodity, credit, equity and FX derivatives. The solution aims to transform back office processes in banks' capital market businesses servicing corporate clients, by allowing critical processes to be controlled holistically, and adjusted if necessary. By using the solution as co-collaborator and first customer, Commerzbank will benefit from faster time-to-market for new products and further improve customer service.

For all banks, the new solution will perform confirmation, affirmation and payment message generation, settlement netting & processing, matching and reconciliation, exception management and full reporting while specifically addressing areas that previously required manual processing, such as handling and processing email and fax-based client communications.

Armin Hasselbach, product owner for post-trade OTC derivative IT applications at Commerzbank, said: "Through Capmatix Post-Trade, we have been able to take our approach to technology in capital markets to the next level by automating elements of our technology and moving it to the cloud. This will allow us to bring new products to market more quickly, and drive increased competitiveness across our post trade business."   

Stefan Lucht, founder and managing partner at LPA Group, commented: "Complex IT infrastructures remain a challenge for the financial industry that can stand in the way of innovation – something that can be overcome through the smart use of digitalization. Our goal was to work with Commerzbank to develop a solution that efficiently automates workflows in post trade and reduces complexity across the board."