Meritsoft, a subsidiary of Cognizant, has launched the Trade Tracking and Exception Manager (TTEM) solution. The platform aims to offer financial institutions an overview of their settlement cycles to improve settlement efficiency rates.

TTEM provides near real-time trade matching and settlement status updates, allowing operations teams to identify potential trade failures promptly, says Meritsoft in a press release. The solution also offers customisable operational dashboards for risk profiling and settlement status updates. 

Additionally, it includes a predictive artificial intelligence (AI) module to forecast settlement statuses at market deadline. The predictive data is fed into configurable automated workflows that enable exception management and counterparty communication. Built on Meritsoft’s next-generation technology platform, TTEM is designed to support high transactional volume in real-time. 


The offering aims to mitigate volatility, as well as changes in market structure and regulations, including the US’ T+1 shift. In a statement, CEO Daniel Carpenter highlights the importance of streamlining settlement operations amidst regulatory changes, emphasising the need to minimise costs associated with penalties and interest claims.

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