Activity

FIS has been selected by MUFG Securities (Canada), Ltd. (MUSC) to enhance its back-office operations. MUSC, a broker-dealer serving institutional clients in Canadian capital markets, will implement FIS’ Post Trade Processing Platform to streamline workflows, mitigate risk, and drive business growth.
Key aspects of this enhancement include:
* Streamlined Operations: The FIS platform aims to provide real-time execution on trade settlements, confirmations, and accounting, reducing latency and human error.
* Risk Mitigation: By centralizing and automating back-office processes, the solution will help MUSC reduce operational risk.
* Scalability and Flexibility: The platform is cloud-native and SaaS-based, allowing MUSC to scale its capabilities as needed and benefit from open APIs for greater transparency and control for institutional investors.
* Addressing Industry Challenges: This partnership comes at a time when broker-dealers face pressures from increased regulatory scrutiny, technology costs, disruptive competitors, and thinner margins. FIS’ solution is designed to address these issues.
This move is also strategic for MUSC as it transitions to a direct subsidiary of MUFG Bank in July 2025, enabling it to better compete with global rivals.

Video courtesy of First Bank of Nigeria

Video courtesy of First Bank of Nigeria