AccessFintech

AccessFintech operates a cloud-based data collaboration network called Synergy that facilitates the sharing of transaction data between financial institutions involved in processing transactions such as stock trades, derivatives, and syndicated loans. The platform aggregates data from multiple sources, normalizes it, and provides tools for collaboration and workflow automation to streamline processes like settlement, pre-matching, and exception management. As such, AccessFintech's solutions help manage operational risk and ensure regulatory compliance. 

AccessFinTech supports regulatory compliance by providing tools for tracking and managing compliance-related tasks and enabling the automation of compliance workflows. This includes ensuring institutions adhere to evolving regulatory standards and maintain robust internal controls.

Key customers and partnerships 

As of September 2022, the Synergy Network had over 100 participants, including major global banks, broker-dealers, custodians, and asset managers. 

The company expanded its partnership with Cappitech, a provider of regulatory reporting and business intelligence solutions, in March 2020. Through the partnership, AccessFintech expects to strengthen its offerings in governance and risk controls for market participants. 

AccessFintech partners with leading consulting firms like Deloitte and KPMG to support digital transformation efforts at major financial institutions. It has also formed strategic alliances with BNY Mellon, Bank of America, BNP Paribas, and other global banks to integrate its technology into their operations and offer Synergy's capabilities to clients. In June 2023, AccessFintech expanded its alliance with BNY Mellon to digitize loan data management through its platform.