We are proud to announce that ECPOConnect, our joint collateral optimization service developed in collaboration with BNY, won the Collateral Solution of the Year Award at this year’s Securities Finance Times Industry Excellence Awards.

The award recognizes ECPOConnect as a transformational solution for the entire collateral ecosystem.  Combining BNY’s industry-leading collateral management service, ECPO, which optimizes more than $4 trillion in assets globally, with Pirum’s CollateralConnect platform, the SaaS-based solution supports front-to-back cross-asset margin, collateral and inventory management and optimization.

The solution addresses the need by industry participants to drive better efficiencies and generate material savings on funding, liquidity and capital costs through business process automation and intelligent collateral usage.

The Collateral Solution of the Year Award follows our recent joint announcement about the first ECPOConnect client, a large Canadian bank, going live in June.

Thank you to BNY, to everyone who voted for ECPOConnect, and to Securities Finance Times.

If you would like to learn more about ECPOConnect and our CollateralConnect service, get in touch.