Park Square Upgrades Tech in Straight-Through Processing Drive

Credit provider selects IHS Markit’s thinkFolio platform for portfolio modelling and compliance.

Andrew Haywood Park Square Capital CFO
Park Square's CFO, Andrew Haywood, believes the thinkFolio implementation will help the firm automate a number of manually-intensive processes.

Nearly two years ago, Park Square Capital knew it had a challenge on the horizon. The business had grown rapidly in recent years, but its technology hadn’t kept pace with its requirements.

“As with many firms, we had grown organically and were relying on outputs from our counterparties and our own proprietary databases,” Andrew Haywood, the firm’s chief financial officer, tells WatersTechnology. “As Park Square grew, the cost-benefit analysis of a more systematic approach made sense.”

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