Transcend, a provider of analytics, optimisation, and automation for collateral, liquidity, and funding, has launched a solution to integrate ESG criteria into collateral decisions and analytics processes.
Firms can now input ESG criteria into Transcend’s optimisation engine for collateral recommendations that meet ESG requirements while improving performance.
Transcend’s ESG capabilities allow clients to centrally store ESG criteria, alongside ESG performance metrics and collateral schedules, for robust inventory management, rich portfolio analytics and seamless booking automation.
Additionally, it can systematically run intraday or ad hoc validation and sufficiency testing to assess whether collateral received is in line with client and internal ESG requirements.
Furthermore, it will flexibly integrate with any preferred ESG data provider, according to Transcend.
Bimal Kadikar, CEO at Transcend, comments: “We understand how critical it is to stay ahead of the needs of our customers and partners and develop truly future-generation solutions. With ESG impacting all aspects of the financial services ecosystem and becoming increasingly present in collateralised businesses, integrating ESG data into Transcend’s infrastructure was a natural next step in our innovation strategy.”
Todd Hodgin, global head of product at Transcend, adds: “Our new ESG solutions deliver a configurable solution to integrate these criteria into the broader Transcend product suite. We are proud to deliver the capabilities required to help our clients efficiently and effectively meet requirements today, while offering the flexibility needed to adapt to best practices as they evolve in the future.”
