Case Study: Global Tier One Bank reduces collateral management costs with CloudMargin

Global Tier One Bank - Customer Case Study

A global tier one bank faced significant challenges with its complex, in-house collateral management systems. Maintaining multiple platforms was costly and resource-intensive, and the bank struggled to keep pace with regulatory changes and client demands, resulting in low rates of straight-through processing and high manual intervention. Seeking a more efficient and cost-effective solution, the bank partnered with CloudMargin to migrate its operations to a cloud-based collateral management service.

The solution implemented by CloudMargin was its SaaS platform, which operates on Amazon Web Services. This shift to a cloud-native system eliminated the need for expensive internal software maintenance and upgrades. The results were substantial, with CloudMargin helping the bank reduce its operating costs across business and technology by an estimated 65%, equating to annual savings between $8 million and $10 million. The migration also positioned the bank for future innovation with greater automation and a significantly improved client experience.