Pirum, the UK-based fintech specialising in the securities finance sector, has launched a service for connectivity and interoperability to automate recalls and callback messages. FIS Securities Lending Processing Platform (formerly Loanet) users can now connect to their counterparties using Pirum’s post trade services or the FIS platform, providing full interoperability and network coverage across the platforms. This connectivity increases STP of recalls/callbacks, enabling clients to issue recalls and manage callbacks centrally, with full connectivity to trading counterparties across the two platforms.
