Case Study: a global tier one bank migrates collateral management to the cloud with CloudMargin

Global Tier One Bank - Customer Case Study

A global tier one bank needed to migrate its complex collateral management operations to a more efficient and scalable solution. The challenge involved managing a large volume of agreements and data feeds for numerous underlying clients without the high costs and resource drain of a traditional locally installed system. They selected the cloud-based collateral management platform from CloudMargin.

CloudMargin implemented its solution with a light-touch, phased onboarding process, handling all necessary data translation and connectivity. This approach successfully migrated the bank's approximately 4,500 agreements and 30 clients with minimal operational disruption, completing the first client migration in just 12 weeks. The CloudMargin platform provided the bank with enhanced global accessibility, robust and flexible reporting options, and a significantly lower total cost of ownership, fueling their operational innovation.