Re-imagining post-trade: A blueprint to upgrade today's markets?

Welcome

With over 20 years of experience simplifying the trade lifecycle—particularly the complexities of Standing Settlement Instructions (SSIs)—I've dedicated my career to helping financial institutions streamline their post-trade operations. Put simply, SSIs determine where a financial transaction is delivered and settled once it is executed.

After holding senior roles at State Street, DTCC, and Markit, I recognised a clear gap in the market: SSI management was still too manual, too fragmented, and too risky. That insight led to the launch of SSImple® in 2023. Just one year on, we were proud to be named a 'One to Watch' by Global Custodian.

In an increasingly data-driven and regulated environment, SSImple is re-imagining how SSIs are stored, shared, and enriched across the financial ecosystem. Our mission is straightforward: to ensure our clients' data is 100% accurate and seamlessly managed—empowering them to meet regulatory demands and adapt to faster settlement cycles like T+1.

With custodians, buy-sides, brokers, and partners already live on our technology, we're delivering measurable gains in operational efficiency—while significantly reducing settlement risk and regulatory exposure.

I invite you to join our community.

Bill Meenaghan

Founder and CEO, SSImple

Member, UK's T+1 Accelerated Settlement Taskforce

Push for SSI automation ahead of T+1 transition

The Financial Markets Standards Board (FMSB) has recommended automating SSIs and requires member firms to attest to this by the end of 2026.

The UK T+1 Accelerated Settlement Taskforce (AST), backed by HM Treasury, the Financial Conduct Authority (FCA), and the Bank of England, reinforced that SSI automation is crucial for T+1 success.

Similar recommendations are anticipated from the European T+1 Industry Taskforce (EUT1-ITF).

If your firm hasn't started planning, now is the time. We're here to help.

Bill Meenaghan, SSImple, standing settlement instructions, T+1 settlement, FMSB, FCA

Discover how SSIComply™ works

Full Initial Loading and Validation: Ensures accurate securities and cash SSIs, reducing the need for manual checks and call-backs.

Automation of Manual Processes: Fully automates SSI workflows, enabling direct electronic communication of SSIs to buy-side clients, eliminating PDFs, emails, and call-backs on cash SSIs, and aligning with new FMSB recommendations.

Advanced User Interface: Provides real-time, precise SSI data through an intuitive interface for buy-side clients, with the ability to permission SSIs to both broker-dealer counterparties or administrators.

Multi-Use Capability: Manages multiple SSIs within a single account to support settlements, securities lending, and cash transactions for initial and variation margin payments, accommodating custodians' complex operations.

Additional features of SSIComply™

Multi-Asset Class Support: Handles a wide range of asset classes—including equities, fixed income, cash, FX, and money market securities—ideal for custodians managing diverse portfolios.

Continuous Updates and Amendments: Delivers automatic updates at the account or SSI level to maintain complete accuracy and compliance with industry standards and 2025 FMSB recommendations.

Industry and Custodian Rule Updates: Provides timely updates for new market regulations and customises for

specific custodian requirements, ensuring seamless electronic communication with buy-side clients.

Low Lift Integration: SaaS-based service integrates with existing systems, purpose-built to address the complex needs of custodians.

Benefits of SSI automation

Reduced Operational Risk

Minimized Manual Errors: Manual entry and handling of SSIs are prone to human error, which can lead to settlement failures or misrouted transactions. Automation reduces the chance of these errors by ensuring data is processed accurately
Lowered Fraud Risk: Automated systems provide secure authentication and validation processes, minimizing opportunities for fraud that may occur through manual intervention

Increased Efficiency and Speed

Faster Processing Times: Automation allows SSIs to be processed much faster, accelerating trade settlements and reducing delays that are common with manual processing
Scalability: Automated SSI processes can handle higher volumes of transactions as business scales, without needing proportional increases in staff

Cost Savings

Reduced Labor Costs: Automation reduces the need for manual processing, callbacks, and checks, saving on labour costs associated with these repetitive tasks
Reduced Settlement Failure Costs: Correct SSI data reduces the likelihood of failed or delayed settlements, helping institutions avoid costly penalties and reputational damage

Improved Data Accuracy and Consistency

Enhanced Data Quality: Automation enables data standardization, reducing inconsistencies and ensuring that information remains current and accurate across systems
Fewer Discrepancies: With automated validations, discrepancies between counterparties’ SSIs are minimized, leading to smoother transaction settlements

Better Compliance and Regulatory Alignment

Enhanced Audit Trails: Automation creates a clear, traceable record of all SSI changes and transactions, which is essential for compliance with industry regulations
Adherence to Standards: Automated SSIs are often built to follow regulatory standards and recommendations (such as those from FMSB or UK T+1), helping institutions remain compliant with industry-wide changes

Enhanced Client and Counterparty Experience

Faster Settlements and Lowered Reconciliation Issues: Automated SSI processes ensure timely and reliable settlement processes, improving the client and counterparty experience by reducing friction
Increased Transparency: Automation enables real-time status updates and transparency for clients and counterparties regarding SSI-related processing

Supports Strategic Growth

Enables Focus on Value-Added Activities: By eliminating manual SSI processing, resources can be reallocated toward more strategic initiatives like client acquisition and service improvements
Adaptability to Industry Changes: Automation future-proofs SSI management, allowing institutions to adjust more easily to new industry standards, regulations, or shifts toward accelerated settlement cycles like T+1

Meet the team

Keith Tippell

Keith Tippell is Chief Commercial Officer at SSImple®. Mr Tippell brings over two decades of experience in capital markets and FinTech leadership, most recently serving as Chief Product Officer at CLS Group, with prior senior roles at Droit Financial Technologies, SWIFT, and Markit Group (now a part of S&P Global). At Markit, he was a Managing Director in Business Development and contributed to the exponential growth leading up to the $4.3 billion IPO. Mr Tippell brings a wealth of experience in acquisitions, product development, and industry engagement. He holds a BEng in Computer Systems Engineering from the University of Sussex.

Simon McDowell

Simon McDowell is Head of Sales at SSImple®, bringing over 30 years of experience in the capital markets sector. Previously, Mr McDowell served as COO of AITIS, a deep tech company specialising in AI solutions. He has also held COO and CRO positions at cutting-edge technology firms, managing solutions across the transaction lifecycle. Mr McDowell's career began as a technologist at Lloyds Bank, followed by roles at several global investment banks. In the mid-90s, he joined Fidessa (now ION) and was part of the management team that grew the company to a market value of over $1 billion, eventually leading the Global Connectivity Business. He has also held senior commercial roles at NYSE, ULLINK (Broadridge), Fixnetix (Options IT), Genesis Global, and Taskize (Euroclear).

Matthew Cook

Matthew Cook is Chairman at SSImple®. With more than two decades of industry experience, Mr Cook’s most recent role was at SWIFT, where he held global responsibilities. His tenure involved leading key strategic and industry-wide initiatives focused on enhancing settlement efficiency for international securities and FX transactions. He began his career in investment banking with UBS and Credit Suisse, occupying senior roles across diverse operational domains such as equities, FX, and OTC products. Presently, Mr Cook is actively involved in angel investing in innovative fintech start-ups operating within the capital markets arena. Furthermore, he lends his expertise as an advisor and NED to numerous companies within his growing investment portfolio.

David Little

David Little is the Lead Investor at SSImple®. With a career spanning more than 25 years in capital markets, Mr Little has held prominent positions at both executive and board levels within the financial and software services sectors. His wealth of experience has led to a record of accomplishment in early-stage investments, including two that have achieved unicorn status. Presently, Mr Little holds the position of Chairman at Aora Law and serves as NED for several high-growth start-ups such as OTCX, Century Tech, and ETA Green Power.

05/05/25-08/05/25

SIFMA's Operations Conference & Exhibition 2025

All day

Grande Lakes Orlando, U.S.

Event Details

05/05/25-08/05/25

SIFMA's Operations Conference & Exhibition 2025

Keith Tippell, Chief Commercial Officer, is attending this industry event. Learn more.

All day

Grande Lakes Orlando, U.S.

30/03/25-01/04/25

ISITC 31st Annual Securities Operations Summit

All day

The Renaissance Boston Seaport Hotel , U.S.

Event Details

30/03/25-01/04/25

ISITC 31st Annual Securities Operations Summit

Bill Meenaghan, Founder & CEO, and Simon McDowell, Head of Sales, SSImple, attended and sponsored this event. Learn more.

All day

The Renaissance Boston Seaport Hotel , U.S.

20/02/25

UK Accelerated Settlement Taskforce Industry Event

All day

KPMG, London

Event Details

20/02/25

UK Accelerated Settlement Taskforce Industry Event

Bill Meenaghan, SSImple Founder & CEO, attended this industry evebnt. Learn more.

All day

KPMG, London

12/11/24

Securities Finance Symposium 2024

One Great George Street, London

Event Details

12/11/24

Securities Finance Symposium 2024

Bill Meenaghan, SSImple Founder & CEO, participated in the discussion: where we are with accelerated settlement. Read the write-up.

One Great George Street, London

06/11/24

ISLA 14th Annual Post-Trade Conference

Deutsche Bank, London

Event Details

06/11/24

ISLA 14th Annual Post-Trade Conference

Bill Meenaghan, SSImple Founder & CEO, attended this industry event. Learn more.

Deutsche Bank, London

More Events

It's SSImple®

Welcome

Push for SSI automation ahead of T+1 transition

OUR TECHNOLOGY

SSIComply™

SSIAutomate™

SSIComply™

SSIVerify™

SSIAutomate™

SSIComply™

SSIAutomate™

SSIAutomate™

SSIAutomate™

Effortless compliance with SSIComply™

Discover how SSIComply™ works

Additional features of SSIComply™

Benefits of SSI automation

Meet the team

Keith Tippell

Simon McDowell

Matthew Cook

David Little

05/05/25-08/05/25

SIFMA's Operations Conference & Exhibition 2025

All day

05/05/25-08/05/25

SIFMA's Operations Conference & Exhibition 2025

All day

30/03/25-01/04/25

ISITC 31st Annual Securities Operations Summit

All day

30/03/25-01/04/25

ISITC 31st Annual Securities Operations Summit

All day

20/02/25

UK Accelerated Settlement Taskforce Industry Event

All day

20/02/25

UK Accelerated Settlement Taskforce Industry Event

All day

12/11/24

Securities Finance Symposium 2024

12/11/24

Securities Finance Symposium 2024

06/11/24

ISLA 14th Annual Post-Trade Conference

06/11/24

ISLA 14th Annual Post-Trade Conference

News

SSImple® and industry news

Media and analyst contact

We'd love to hear from you.