S&P Global has made a strategic investment in SSImple, the fintech specialising in Standing Settlement Instruction (SSI) management, building on an existing partnership to automate SSI processing.
Up to 40% of SSIs are still manually processed, raising the risk of invalid or incomplete data—a factor contributing to nearly one-third of all settlement failures, according to S&P Global.
The existing collaboration between S&P Global Market Intelligence and SSImple has already produced SSI Automate, an AI-driven solution combining extraction, validation, and reconciliation to eliminate manual SSI processing at scale.
Bill Meenaghan, CEO and founder of SSImple, framed the investment as a response to the industry’s shift toward T+1 and accelerated automation, with the combination of SSImple’s SSI expertise and S&P Global’s client reach aimed at helping firms cut operational risk and strengthen post-trade resilience.
Financial terms of the deal were not disclosed.
