CloudMargin offers to the sell-side and the buy-side, as well as outsourcers and technology firms, a cloud-based workflow for collateral management.
The Software-as-a-Service (SaaS) solution, used by investors Citi and Deustche, bypasses on-premise software. It says it delivers “straight-through processing all in one place”.
It does this by aggregating collateral data, automating the collateral workflow, and offering a public application programme interface (API) for third party integrations.
CloudMargin claims to plug in to more than 20 partners, including SWIFT, IHS Markit and Nasdaq.
Customers typically include brokerage firms, banks, asset management firms, pension funds and insurance companies.