back Back

Finastra teams up with CloudMargin to deliver Collateral Management as a Service

By Megha Bhattacharya

October 23, 2020

  • Cloudmargin
  • Finastra
  • London
Share

finastraFinastra has signed a global partnership with CloudMargin in a bid to deliver an integrated collateral and margin management solution to market participants via a SaaS model.

CloudMargin-powered Collateral Management as a Service, available through Finastra’s FusisonFabric.cloud platform,  connects to the FinTech’s core treasury and capital markets solutions, facilitating end-to-end straight-through processing of derivatives transactions, and all associated collateral management workflows, from trade booking through to settlement.

“Both CloudMargin and Finastra are committed to driving transformational change in collateral management – helping our customers experience the benefits of modern, SaaS technology that provides agility as well as operational and cost efficiencies, continuous updates and fast implementation,” said Michael Henssler, General Manager, Treasury & Capital Markets and Risk at Finastra.

“We’re seeing increased demand for collateral services from our customers. Our collaboration in delivering Collateral Management as a Service will help both buy-side and sell-side financial institutions globally meet time-critical regulatory deadlines and reduce the costs associated with today’s growing collateral requirements.”

Collateral Management as a Service offers covers end-to-end collateral management workflows for variation and initial margin for over-the-counter (OTC) derivatives contracts, repos and securities lending, To Be Announced (TBA) trades, and listed futures and options. It offers flexible reporting and auditing processes and provides seamless connectivity to standard market utilities including AcadiaSoft, SWIFT and the Margin Transit Utility (MTU) from DTCC and Euroclear, as well as other third-party services.

Stuart Connolly, CEO of CloudMargin said, “We’re delighted to provide the technology for this critical component of Finastra’s offering. The integration of our collateral management workflow tool into Finastra’s treasury and capital markets solutions creates a strong value proposition to support the full range of needs – from front to back office – of its broad client base. Through global strategic partnerships that complement our geographic footprint and market penetration, CloudMargin is increasingly powering the industry on collateral management, making it as easy as possible to have access to robust and comprehensive tools that are ever-evolving to meet the changing dynamics in the industry and the most state-of-the-art technology available.”

Previous Article

October 23, 2020

Paysend: India embraces digital P2P money transfers during COVID-19; fuels 1m new users on Paysend

Read More
Next Article

October 23, 2020

UnionPay International (UPI) partners with Aleta Planet to launch AP-1

Read More








IBSi Daily News Analysis

March 22, 2024

Cloudmargin

Industry experts stress modernization, sustainability, and AI as cornerstones for future of corporate banking, Finastra study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

March 28, 2024

HID & Santander team to secure mobile banking with authentication technology

Read More

March 28, 2024

Sandbox Banking & Plaid to enhance identity verification and banking solutions

Read More

March 27, 2024

Vilja integrates Mast’s mortgage origination solutions into platform

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023