Finalto is debuting a new analytics platform designed to provide clients with the best prices amid the current volatility, according to a company press release.
The analytics platform will allow Finalto’s liquidity clients to quickly identify and address trends with their liquidity flow, allowing them to make adjustments as needed.
According to Head of Liquidity Andy Biggs, this will help the company offer more sustainable pricing.
“We can say ‘hey, we can see why the flow is difficult. Here’s the fact of why it’s difficult. So why don’t we manage the liquidity with a scalpel instead of an axe. So, we just cut the little bit that we need as opposed to chopping the whole client or the whole feed,” he explained.
Biggs noted that the development of this platform will come down to the investment in making sure the liquidity team is ahead of the curve.
All of this has been possible because Finalto has been working on staying ahead of the pack, with Biggs saying the company has “worked continuously with our liquidity providers to provide a best in breed sustainable liquidity for multiple different client types.”
“I think as markets have become more challenging and more volatile, the work that we’ve been doing shines through more than others,” he continued. “Clients trust that we’re going to be there and provide the price when others may not.”
PYMNTS recently wrote that many banks have been seeing a process of bolstering back-end systems in order to try and meet new digital demands, particularly around real-time payments.
Read more: Instant Payments and Data Unlock Contextual Banking Opportunities for Consumers
Digital payments volumes have been up for a while now, and many businesses need to have even faster payments. Bob Legters, FIS chief data officer, said there’s a “little divide and conquer” going on in the race to modernize.
For example, Legters added that banks have been experiencing constraints on their resources, particularly around infrastructure and staff.
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