Pirum Systems
London, United Kingdom
How Pirum Systems hit $20.1M revenue with a 133 person team in 2023.
Pirum Systems offers a secure, centralized automation and connectivity platform for global securities finance transactions, facilitating the complete automation of post-trade activities and collateral lifecycle management. Predominantly positioned within the Securities Financing market, Pirum enables clients to seamlessly connect with counterparts, triparty agents, trading venues, market data providers, and Central Counterparties (CCPs) while also ensuring regulatory compliance. Pirum is renowned for delivering highly innovative and flexible services, meticulously tailored to support the industry's complexities and the evolving nature of business processes. Pirum’s Core Services include: - **Contract Compare:** Efficiently identifies discrepancies between expected and actual transaction details, ensuring accuracy. - **Billing Reconciliation:** Reconciles billing statements with contract terms to prevent financial discrepancies. - **Billing Delivery:** Streamlines the distribution of billing statements to relevant parties, enhancing operational efficiency. Pirum Live Service offers cutting-edge solutions, including: - **Exposure & RQV (Triparty) Automation:** Uniquely integrates seamlessly with three major triparty agents, facilitating efficient management of collateral and exposure. - **Marks and Returns Automation:** Achieves a 99% Straight Through Processing (STP) rate, ensuring that returns are automatically booked and trades are accurately marked in a timely manner. - **Real-time Pending Settlement Compare:** Enhances visibility and manages risks by comparing pending settlement transactions in real-time. - **Cash Prepay Compare:** Provides comparisons of prepayment cash flows to improve liquidity management. - **CCP Gateway:** Offers a direct connection to CCPs for streamlined clearing and settlement processes. - **Market Data Feeds:** Delivers accurate and timely market data to inform decision-making. - **SPO Connect:** A specialized service linking securities financing participants to streamline operations. The Pirum Live+ Service includes advanced features such as: - **Loan Release:** Facilitates the timely release of loans, optimizing operational workflow. - **Collateral Reporting:** Offers comprehensive reporting on collateral positions, enhancing transparency and control. - **Exposure Management:** Provides advanced tools for managing and mitigating financial exposure effectively. Together, these services position Pirum as a leader in automating and streamlining securities finance transactions, providing clients with a robust platform to manage their operations efficiently and in compliance with regulatory requirements.
2000
Founded
$20.1M
2023 Revenue
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YOY
$0
Funding
Pirum Systems Revenue
In 2023, Pirum Systems revenue run rate hit $20.1M in revenue.
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2023
Pirum Systems hit $20.1M in revenue in 2023
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2000
Pirum Systems launched in 2000 with $0 revenue
Pirum Systems Funding History
No funding has been reported for Pirum Systems yet.
Team
Pirum Systems has 133 total employees.
| DISTRIBUTION | QTY |
|---|---|
| Total team size | 133 |
Founder / CEO
Philip Morgan
Q&A
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Customers
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Pirum Systems Executives
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Philip Morgan | CEO | - | - |
Pirum Systems Employees
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Philip Morgan | CEO | - | - |
Frequently Asked Questions about Pirum Systems
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When was Pirum Systems founded?
Pirum Systems was founded in 2000.
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How much revenue does Pirum Systems generate?
Pirum Systems generates $20.1M in revenue.
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Who is the CEO of Pirum Systems
The CEO of Pirum Systems is Philip Morgan.
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How much funding does Pirum Systems have?
Pirum Systems raised $0.
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How many employees does Pirum Systems have?
Pirum Systems has 133 employees.
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Where is Pirum Systems headquarters?
Pirum Systems is headquartered at London, United Kingdom
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