FNZ’s transformational post-trade securities processing engine, Syn~Ops, provides UBS Australia (UBS) with full end-to-end processing across multiple asset classes in markets around the globe.
UBS is the sixth Australian firm to migrate to Syn~Ops and selected the platform due to its cloud-optimized architecture and workflow-based automation.
The migration to Syn~Ops provides UBS with numerous operational improvements including increased transparency and accessibility.
Brisbane, 21 December 2022: FNZ, the global wealth management platform, is pleased to confirm that it has successfully migrated UBS onto its market-leading post-trade processing engine, Syn~Ops, to upgrade its technology landscape for post-trade operations. Through this migration, UBS and FNZ aim to ensure that more end investors can access a greater variety of investments more efficiently.
Syn~Ops is FNZ’s post-trade securities processing engine and is part of FNZ’s Syn~ product suite which provides proven, seamless, and scalable real-time trade and settlements processing capabilities at a global level. The successful migration to Syn~Ops is the sixth and largest so far in Australia.
Major operational improvements have been delivered across the board, including in multi-entity processing, inventory management, financial reporting, and access to data.
The FNZ platform enables UBS to further optimize its operations through the ability to add additional markets and asset classes rapidly. UBS will continue to rely on FNZ to ensure that their operations scale efficiently as volumes increase over the coming years.
The project is an example of FNZ’s mission to open up wealth and help everyone invest in their future on their own terms. With its relentless focus on automation of trade and asset processing, FNZ improves cost-to-serve for its customers and end-investors.
Scott Hanlon, Head of Australia Operations at UBS, said: “In a fast-evolving sector we wanted a modern platform for our post-trade operations. FNZ’s Syn~Ops will provide us the necessary platform flexibility and scalability as UBS’s volumes increase over time.
Paul Beal, Head of FNZ Capital Markets, said: “We are delighted that UBS has chosen FNZ and our Syn~Ops system to optimize its post-trade operations, further cementing our long-standing relationship. Our platform will allow the UBS team to scale and innovate its offering today and in the future, while freeing up valuable time and allowing the team to focus on its clients.