Partnership aims to strengthen Company’s data and agreements digitization offerings
Norwell, MA, October 19, 2021 – Acadia, the leading industry provider of integrated risk management services for the derivatives community, today has announced a strategic partnership with Logical Construct, a firm that specializes in contract data and document management. Through the partnership, Acadia’s Agreement Manager has added Logical Construct as a non-hosted provider of digitization services provider.
Agreement Manager, part of the AcadiaPlus Agreements suite of services, enables fast, scalable consolidation and affirmation of legal and operational data via one cost effective interface. Logical Construct’s Lyncs Contract Lifecycle will be integrated into Agreement Manager via a standard adaptor to facilitate the exchange of mutual clients’ agreement data.
“Partnering with Logical Construct enhances our ability to deliver a centralized, digitized and single source representation of legal and margin agreements to the entire derivatives community,” said Richard Barton, Head of Product Management at Acadia. “We’re excited to continue working with some of the world’s premier platforms designed for accurately extracting data from any scanned financial services contract.”
Logical Construct built a standard adaptor to Acadia to support the exchange of agreement data of joint clients between Acadia and Logical Construct’s services. Logical Construct will digitize agreements in its own environment, extract data attributes from client agreements, and communicate them via Acadia APIs, offering joint clients the ability to send data to and receive data from Agreement Manager.
Paul Kelly, Co-Founder of Logical Construct, added, “By partnering with Acadia we can unlock immediate benefits for clients. Accurate, granular data from our Lyncs platform can flow directly to Agreement Manager, reducing operational costs and paving the way for more sophisticated management of collateral and risk data.”
Acadia is the leading industry provider of integrated risk management services for the derivatives community. Its central industry standard platformenables a network of banks and other derivatives firms to improve efficiency and mitigate costs across the entire trade life cycle.
Acadia’s suite of analytics solutions and services helps firms manage risk better, smarter and faster. Through an open-access model, Acadia brings together the top derivatives banks and asset managers, along with several market infrastructures and innovative vendors.
Backed by 16 major industry participants and market infrastructures, Acadia is used by a community of over 1600 firms exchanging more than $1 trillion of collateral on daily basis via its margin automation services. Acadia is headquartered in Norwell, MA and has offices in Boston, Dublin, Düsseldorf, London, New York, and Tokyo. Acadia® is a registered trademark of AcadiaSoft, Inc. For more information, visit acadia.inc. Follow us on Twitter and LinkedIn.
ABOUT LOGICAL CONSTRUCT
Logical Construct is a Contract Data Management / Contract Analytics SaaS provider for financial services.
Our Lyncs platform helps clients manage all their contracts in one place, reducing operational costs and risk. Lyncs combines rich data models, artificial intelligence and a banking standard secure architecture to enables clients to load, extract, analyse and consume data from complex documents.
The solution offers ready to use data model support for trading agreements such as ISDA documentation, collateral schedules, securities lending and repo through to supplier contracts, policy documents and challenges such as LIBOR benchmark. Lyncs provides financial services clients with industry leading domain specific coverage combined with core contract lifecycle management needs of more standardised documents.
For more information, visit logicalconstruct.com.
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Acadia® is a registered trademark of AcadiaSoft, Inc.