Pirum launches recalls solution to aid T+1 compliance

Pirum has launched its global and interoperable Recalls Service to streamline and automate the entire end-to-end recall workflow.

The new solution is designed to assist clients with compliance ahead of the T+1 regulation in the US, Canada and Mexico, which is set to be implemented in May 2024. The firm says the tool will offer a 鈥渟ignificant鈥� return on investment (ROI).

In confronting the increasing complexity and time criticality of the recall process, Pirum adds that the solution aims to transform the recall process by digitising, reducing latency and minimising operational costs.

Pirum CEO Phil Morgan says: 鈥淭his is the most recent milestone of our initiative to automate the complete securities finance workflow and is to be closely followed by further future technology and AI enabled launches 鈥� so stay tuned!鈥�

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