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Accelerating Equities Self-Clearing for a Leading Fintech Company

A fintech company specializing in brokerage services aimed to implement self-clearing capabilities for equities with the Depository Trust & Clearing Corporation (DTCC). MyndCore Partners collaborated with the client’s development and operations teams, lending our industry and implementation expertise to accelerate the project.

Challenge

The company required a robust, compliant solution for equities self-clearing to enhance operational efficiency and reduce reliance on third-party clearinghouses.


Approach

  • Joint Definition & Development: Partnered with the client’s teams to define requirements and develop a customized software solution integrating with DTCC.

  • Collaborative Testing: Worked together in extensive testing phases to ensure compliance and flawless execution.

  • Accelerated Go-Live Support: Provided dedicated support, ensuring a smooth and timely transition to self-clearing.


Results

  • Enhanced Operational Control: The client gained full control over clearing processes, improving efficiency.

  • Cost Savings: Reduced dependency on external clearing services, leading to significant savings.

  • Regulatory Compliance: Achieved full compliance with industry regulations, minimizing risk.


Conclusion

This project highlights MyndCore Partners’ ability to work collaboratively with clients, leveraging our expertise to deliver complex, compliant solutions quickly and effectively.


MyndCore Partners Contributions

  • Industry Expertise: Product Expertise in Clearing, Settlement, Brokerage Operations, Cost Basis, Tax, FOCUS, BlueSheets, Regulatory Reporting, ACATS, DTCC Integration, Fees, and Accounting.

  • Agile Project Leadership: Expertise in Agile methodologies, Scrum Master responsibilities, sprint planning, backlog management, and iterative development.

  • Technical Expertise: Development in event-driven architecture using GO, Google Cloud, and Postgres


Contact us to see how MyndCore Partners can deliver tailored, compliant solutions for your company.

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