Raiffeisen Bank International (“RBI”) has selected Sernova Financial’s (“Sernova”) unique clearing solution for exchange-traded derivatives (ETD). This partnership enhances RBI’s capacity to clear ETD transactions, providing significant operational and cost efficiencies for clients globally.

Sernova’s deep expertise and cutting-edge technology will enable RBI’s Group Prime Services division to improve risk management, transparency, regulatory compliance and streamline operations of its ETD business. RBI will now be able to offer more seamless, secure and scalable clearing processes for this segment.

“Our clients expect the best clearing solutions, and Sernova provides this. Together we are strengthening our clearing capabilities and enhancing the overall user experience. We are confident that this partnership will bring long-term value and growth to RBI and our clients,” said Christian Geberth, Division Head Group Prime Services at Raiffeisen Bank International.

Venkatesh Ramasamy, CEO of Sernova Financial, added, “We are delighted to partner with RBI and provide them with our leading ETD clearing solution. Our unique approach enables banks, brokers, hedge funds and proprietary trading firms to specialise, scale and streamline clearing for multiple asset classes across markets – faster than any other provider and with an average cost saving of 35%. This collaboration demonstrates the power of combining our expertise and technology in transforming our partners’ post-trade requirements.”

The integration of Sernova’s ETD clearing solution aligns with RBI’s ongoing commitment to innovation and improving client services across the prime brokerage and clearing landscape. To proactively address the evolving regulatory environment and business requirements, this partnership also ensures that RBI is well-positioned to capitalise on future opportunities and requirements to serve its diverse client base effectively

About Sernova Financial

Sernova Financial is a leading provider of post-trade services, offering innovative solutions that optimize post-trade processes for financial institutions. With a focus on efficiency and transparency, Sernova Financial is dedicated to transforming the financial industry through its innovative services and deep domain expertise.

info@sernovafinancial.com
+44 (0)203 813 3101