Cobalt has developed a middle-office platform capable of creating a single standardised version of each transaction which enables clients to connect and automate their FX processing functions. Including confirmations, trade netting, and the management of credit relationships. With its unique ledger, Cobalt cuts its clients’ risk and helps them achieve faster settlement.
Baton’s payments infrastructure integrates with financial institutions’ current collateral and cash systems, while leaving their existing business processes, systems, and ledgers in place. It then provides a customisable software workflow engine to coordinate among multiple systems and institutions, achieving improved and efficient settlement by moving real assets in real accounts, along with instant reconciliation and reporting for all parties.