Case Study: Continental Bank achieves a 65% LIBOR transition cost savings with EvoluteIQ

Continental Bank cuts LIBOR transition costs by 65% with EvoluteIQ

Continental Bank faced the challenge of transitioning over 10,000 legacy LIBOR contracts ahead of the 2021 deadline, a daunting and complex task. To address this, the bank partnered with EvoluteIQ, which utilized its EIQ Platform and digital workflows to manage the process.

EvoluteIQ implemented a solution using pre-built connectors, orchestrated workflows, and an exposure dashboard to automate and prioritize the repapering process. This resulted in a 65% cost savings for the transition program and successfully transitioned 10,000 contracts with a 96% accuracy rate.

Continental Bank