Overbond Eyes Digitizing Primary Bond Origination with New Platform Launch
- Emerging fintech startup Overbond's platform looks to transform bond markets.
Toronto-based Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term startup, Overbond Ltd., today announced the launch of fully-digital platform for primary bond origination, including a support framework in what it describes as an end-to-end solution.
The Overbond platform aims to provide improved price discovery, greater transparency, and investor diversification to counterparties in the primary bond market, as explained in an official statement regarding the product launch. The platform connects bond market issuers with dealers and fixed-income investors.
The news follows after the firm launching Overbond BPS earlier this year, aimed to improve issuer-dealer communication while providing market Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term, and today’s launch was described as furthering that feature by connecting investors to the network.
We are the first fintech company focused on bringing the multi-trillion-dollar primary bond market closer to a completely digital approach.
Vuk Magdelinic
Source: LinkedIn
From startup to market
Barely a year after being founded, Overbond has already raised $7.5 million in seed financing from Morrison Financial Services, after it emerged from MaRS fintech hub and the Communitech technology innovation super-cluster in Canada.
Commenting in an official statement regarding the launch, Overbond CEO, Vuk Magdelinic, said: "We are the first fintech company focused on bringing the multi-trillion-dollar primary bond market closer to a completely digital approach."
Mr. Magdelinic added: "While much of the financial services market is embracing digital processes to streamline how they do business, primary bond origination remains one of the few asset classes that still relies on manual processes."
"Overbond is solving this decades-long challenge for the entire primary bond market using a digital approach that brings all stakeholders together so that bond issuance can be digitally facilitated, and benchmark prices can be discovered more efficiently," he concluded.
Toronto-based Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term startup, Overbond Ltd., today announced the launch of fully-digital platform for primary bond origination, including a support framework in what it describes as an end-to-end solution.
The Overbond platform aims to provide improved price discovery, greater transparency, and investor diversification to counterparties in the primary bond market, as explained in an official statement regarding the product launch. The platform connects bond market issuers with dealers and fixed-income investors.
The news follows after the firm launching Overbond BPS earlier this year, aimed to improve issuer-dealer communication while providing market Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term, and today’s launch was described as furthering that feature by connecting investors to the network.
We are the first fintech company focused on bringing the multi-trillion-dollar primary bond market closer to a completely digital approach.
Vuk Magdelinic
Source: LinkedIn
From startup to market
Barely a year after being founded, Overbond has already raised $7.5 million in seed financing from Morrison Financial Services, after it emerged from MaRS fintech hub and the Communitech technology innovation super-cluster in Canada.
Commenting in an official statement regarding the launch, Overbond CEO, Vuk Magdelinic, said: "We are the first fintech company focused on bringing the multi-trillion-dollar primary bond market closer to a completely digital approach."
Mr. Magdelinic added: "While much of the financial services market is embracing digital processes to streamline how they do business, primary bond origination remains one of the few asset classes that still relies on manual processes."
"Overbond is solving this decades-long challenge for the entire primary bond market using a digital approach that brings all stakeholders together so that bond issuance can be digitally facilitated, and benchmark prices can be discovered more efficiently," he concluded.