LPA Group, the capital market technology and innovation leader, today announced it has launched Capmatix Post-Trade, a new post trade digitalization solution, developed to help banks drive significant agility and efficiencies through automation.

The cloud-based system will further automate back-office processes, with technology allowing for scalability and flexibility in post trade businesses and facilitate faster time-to-market for new products. Through the new solution, data and workflows from previously separate systems will now all converge and flow via Capmatix Post-Trade.

The result of an 18-month collaboration between Commerzbank and LPA Group, the new solution aims to transform back-office processes in banks’ capital market businesses servicing corporate clients, by allowing critical processes to be controlled holistically, and adjusted if necessary. By using the solution as a co-collaborator, Commerzbank will benefit from faster time-to-market for new products and further improve customer service.

Capmatix Post-Trade is an extension to LPA Group’s existing Capmatix suite of scalable and highly configurable digital process transformation solutions for banks. Capmatix Post-Trade can be used independently from the existing IT infrastructure in the cloud, as well as on local servers, and can be adapted to the individual needs of various financial institutions.

Armin Hasselbach, product owner for post-trade OTC derivative IT applications at Commerzbank, said: “Through Capmatix Post-Trade, we have been able to take our approach to technology in capital markets to the next level by automating elements of our technology and moving it to the cloud. This will allow us to bring new products to market more quickly and drive increased competitiveness across our post trade business. It was important for us to work with a reliable partner and to create a genuine innovation.”  

Stefan Lucht, founder and managing partner at LPA Group, said: “Complex IT infrastructures remain a challenge for the financial industry that can stand in the way of innovation – something that can be overcome through the smart use of digitalization. Our goal was to work with Commerzbank to develop a solution that efficiently automates workflows in post trade and reduces complexity across the board. We’re hugely appreciative to Commerzbank’s support and close cooperation throughout this process, meaning we were able to tailor the solution for post trade processes specifically, and optimize the solution to all correct technical requirements right from the start."