Taskize, a fintech startup backed by one of Europe's largest settlement houses, is trialing a new tool aimed at reducing the manpower required to fix failed trades.

The company, in which Euroclear acquired a majority stake in April 2015, revealed the online product at Sibos, the annual banking technology conference being held in Geneva this week. The tool is being offered to 1,500 bank offices on the buyside and sellside free of charge.