About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Bank of Ireland Treasury Goes Live with PaceMetrics STP Kit

Subscribe to our newsletter

Bank of Ireland Treasury & International Banking Dublin has gone live with PaceMetrics’ PaceMaker and PaceManager products, as part of a broad straight-through-processing initiative. The PaceMetrics systems will help provide the bank with transaction data that can be used to increase operational efficiency and to manage operational risk.

The rollout of the live product follows hot on the heels of a pilot installation in January to prove the concept. Lorcan Connolly, IT director at the bank, says that the pilot project “provided a critical real-time lifecycle view of our overall trade-processing operations” with minimal impact on existing systems. “They provide our operations staff with the ability to monitor and manage exception trades early and effectively,” he says.

PaceMaker monitors the flow of a trade through its lifecycle, enabling staff to identify overdue events and avert errors. The Transaction Flow Monitor provides a monitor for end-to-end transaction management, while a module called the Operational Event Store (OES) records every event for every activity in the lifecycle of all transactions. This data is available for modelling operational risk exposure in processes and systems and can be linked to other databases within the organisation to enrich the data.

Head of operational risk at the bank, Michael Geraghty, has already felt the positive impact of PaceMetrics on operational risk management. He can see considerable scope for use in this area in other divisions of the bank.

“Not only do we get a view in real time of the entire processing across multiple systems, but we also gain a clean record of all events stored in the Operational Event Store,” he says. “The OES warehouses the entire history of all trades, including their events and states, enabling the business to proactively manage and report on operational risk.”

PaceManager provides the exception-processing mechanism and the link to reference data sources. Another module – the Business Process Executive (BPE) – proactively manages each trade through to settlement using workflow-like mechanisms to coordinate the components involved in the settlement of each trade. Interfacing to the enrichment component with the correct standing data from the reference data service, it ensures that each component has sufficient and correct static data to perform its task.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Mastering Data Lineage for Risk, Compliance, and AI Governance

Financial institutions are under increasing pressure to ensure data transparency, regulatory compliance, and AI governance. Yet many struggle with fragmented data landscapes, poor lineage tracking and compliance gaps. This webinar will explore how enterprise-grade data lineage can help capital markets participants ensure regulatory compliance with obligations such as BCBS 239, CCAR, IFRS 9, SEC requirements...

BLOG

Modern Data Landscape Comes Under Scrutiny at Data Management Summit London

From data products and marketplaces to the new challenges of regulatory compliance and the latest thinking on unstructured data, A-Team Group’s Data Management Summit London 2025 took in the full breadth of topics that chief data officers and their teams are dealing with daily. With a line up of C-suite executives and expert speakers from...

EVENT

RegTech Summit London

Now in its 9th year, the RegTech Summit in London will bring together the RegTech ecosystem to explore how the European capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...