Case Study: UK Retail Bank achieves faster, automated collateral management with CloudMargin

UK Retail Bank - Customer Case Study

a popular UK retail bank was facing significant challenges in its collateral management process. The bank, which trades over-the-counter and cleared derivatives, was relying on inefficient manual processes like spreadsheets, email, and phone calls. This approach was time-consuming, prone to error, and incapable of meeting new regulatory audit requirements. Seeking a cost-effective and scalable solution, the bank turned to the vendor, CloudMargin, to implement its cloud-based collateral management service.

CloudMargin implemented its solution in just six weeks, immediately eliminating the bank's manual processes. The platform provided new efficiencies, robust reporting for audits, and a scalable system that could grow with the bank's client base. The bank also benefited from the CloudMargin community, helping to develop new reporting functionality that ensured compliance with EMIR regulations. Through partnerships with firms like AcadiaSoft and triResolve, CloudMargin provided a straight-through processing solution that automated the end-to-end collateral lifecycle, saving time and reducing risk for the bank.