Regulatory and economic pressures have created significant challenges for financial firms to manage and optimize their collateral and liquidity across the firm. Transcend’s CoSMOS provides a unique and innovative platform for this industry challenge.
New York, NY (PRWEB) November 05, 2015
Transcend Street Solutions announced today that Jon Beyman has joined the firm’s Board of Advisors. Jon will help the team in business and product development strategies along with building industry alliances for the recently launched CoSMOS product.
Transcend’s innovative CoSMOS platform is designed for the front office, enabling firms manage their collateral and liquidity management challenges across business silos. Built with a modular architecture, CoSMOS collates, harmonizes, mines and analyses collateral and liquidity data across the enterprise, all in real-time.
"Regulatory and economic pressures have created significant challenges for financial firms to manage and optimize their collateral, liquidity and capital positions across the firm,” said Jon Beyman. “Transcend’s CoSMOS is a very powerful and innovative solution to these industry problems. I am very excited to join this dynamic team and be part of their growth journey."
Jon Beyman has served as a Global Head of Operations and Technology of Citibank's Institutional Client Group, a position he held from 2008 through 2014. Jon was responsible for the development of software applications that supported the bank's market making and trading businesses, back office securities settlement, global payment networks, custody networks, portfolio management, risk management and financial management systems. In addition, he managed and was accountable for the settlement, processing, control and regulatory compliance of US$5 trillion worth of daily transactions in the 100 countries where Citi does business.
"We are proud to have such an experienced industry veteran join our team," said Bimal Kadikar, CEO and Founder of Transcend Street Solutions. "His broad background in financial services and deep understanding of operations and technology make him an ideal person to guide us through our growth." "CoSMOS offers an industry leading capabilities built with the state of the art technology and we are excited to have Jon help us maximize the opportunity ahead of us".
About Transcend Street Solutions:
Transcend Street Solutions is a technology company focused on developing solutions for sell-side and buy-side firms in capital markets. The Transcend team has decades of hands-on experience at leading global banks in capital markets, trading, funding, prime brokerage, clearing and operations. The team has a successful track record of developing and delivering enterprise-wide, front- to back-office strategies for solving complex business challenges.
Transcend recently launched CoSMOS, an enterprise wide collateral and liquidity management solution for the front office. Built with a modular architecture, CoSMOS collates, harmonizes, mines and analyses collateral and liquidity data across the enterprise - all integrated in real-time. CoSMOS is successfully deployed at one of the largest global banks across multiple business areas.
For more information, please visit: http://www.transcendstreet.com