In response to emerging market trends and the need to diversify revenue streams, CGS International has turned to automation for solutions
To elevate its business prospects, a financial services provider in Asia has implemented an automation platform to minimize costs as well as simplify workflows and exception-based processes.
CGS International Securities (CGS International) offer equities trading, leveraged products, wealth management, investment banking, equities research, Shariah-compliant financing, fixed income, currency and commodities, structured products and prime brokerage services in over 15 countries and regions.
Along with its parent organization China Galaxy Securities, the firms serves more than 15m customers globally. Its Group Head of Prime Brokerage and Wealth Solutions, Ademola Olopade, explained the reason for adopting the automation platform: “Providing a wide range of products and services to cater to the diverse needs of our clients is a strategic imperative…” and “enables us to introduce additional functionalities and scalability according to our business needs, and helps us to optimize workflows for our customers.”
The platform for managing securities finance and collateral is designed to “simplify and innovate trading across a complex ecosystem through global, scalable solutions.” It is a functionally rich, front-to-back Software-as-a-Service solution for securities finance, used across global buy- and sell-side securities lending, repo, and collateral trading markets.
With such a platform, financial services providers gain the ability to improve their existing securities finance businesses and expand into new global markets and opportunities, with a core foundation that is fully scalable for business growth.
According to Darren Crowther, Head, Securities Finance and Collateral Management Solutions, Broadridge Financial Solutions, Inc., the tech firm behind the automation platform: “In the dynamic landscape of securities finance, financial institutions must adeptly respond to emerging market trends, diversify revenue streams, and accommodate a growing customer base,” adding that CGS International will be able “to scale easily to further expand their business by region or business entity, and also positions them to effectively navigate evolving market dynamics and regulatory demands.”
